The 8-digit BIN industry change is here. Make sure your business is ready.
The International Organization for Standardization (ISO) 8-digit BIN (Bank Identification Number) standard provides additional BINs for future use, allowing the payments industry to continue to innovate and grow well in the future. Visa, in partnership with a diverse group of stakeholders in the payments ecosystem, has expanded the length of Bank Identification Numbers (BINs) on the Visa system from six to eight digits. Since Visa is now only assigning 8-digit BINs for new payment credentials, it is imperative that every part of the payments chain is ready to process 6- and 8-digit BINs.
To better understand the implications of the Payment Card Industry Security Standards Council (PCI SSC) requirements and how they may or may not impact the 8-digit BIN standard, we suggest you review this webinar:
Get the full picture on PCI Compliance for 8-digit BINs with the following resources:
Contact the Visa 8-digit BIN team. We’re ready to assist you.
Contact your Visa representative to learn how Visa Consulting and Analytics can help you evaluate your 8-digit BIN strategy.
We have also partnered with the following firms to provide support for additional consulting engagements. Please contact:
EY Visa Numerics team at [email protected]
Deloitte Consulting Visa Numerics team at [email protected]
EY Visa Numerics team at [email protected]
Deloitte Consulting Visa Numerics team at [email protected]