MasterCard is adding a new range of card numbers that begin with a ‘2’

By Lynn Skurla Perkins | Apr 14, 2017 4:05:07 PM

 MasterCard’s new 2-series cards will work the same as the current 5-series cards that begin with a “5.” Card issuers can begin issuing the new version of MasterCard. The first six digits of a credit card number, otherwise known as the Bank Identification Number (BIN), determine how transactions are routed and identify the issuing bank. All parties’ payment applications/solutions m
ust be able to accommodate this new BIN range, including those utilized by: acquirers, processors, issuers, and merchants.  Merchants have until June 2017 to get their systems ready.  

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