Welcome! E-Mail: contact@exactbins.com

Articles

Do you support BINs longer than 6 digits?

Yes, we support 7,8, and 9 digit BINs under the Full Extended License. As you may probably know, all merchants and financial institutions will soon be required to switch from
the old 6-digit BIN standard (your current subscription) to the new 8-digit BIN standard. This new BIN standard offers greater security and increased
accuracy over the old 6-digit standard.

As stated above, the new extended standard will soon replace the outdated 6 digit standard and the International Organization for Standardization (ISO) will
require that all financial institutions and merchants have the new BINs implemented by April 2022. Merchants who have not switched over by this deadline will see their chargeback fraud utilities lose accuracy and potentially fail completely. There are many tasks that merchants have to complete ahead of the deadline to ensure they are ready.

Official document by Visa:
https://usa.visa.com/dam/VCOM/global/support-legal/documents/numerics-initiative-simplified-requirements-for-eight-digit-issuing-bin-adoption.pdf

Official document by MasterCard:
https://globalrisk.mastercard.com/wp-content/uploads/2018/12/8-Digit-BIN-Expansion-Mandate-and-PCI-DSS-Impact.pdf