BINs (Bank Identification Numbers), the first six digits of the card number, identify the issuing institution of the account and ensure that each transaction is routed correctly.
Mastercard BINs have historically begun with a “5”. We have received an additional range of 2-series numbers (range 222100-272099) to add to the 5-series now in use (range 510000-559999). The 2-series BINs operate within our systems in the same way as the 5-series do.
Ensure that you are 2-series BIN ready here.
Contactless payments were created because consumers want a faster and more secure seamless payment experience. Acquirers and merchants are responding by accepting Mastercard payments that require customers to simply tap their contactless-enabled card or device on a contactless-enabled reader.
For contactless payments to be accepted, terminals must be enabled. The acceptance ecosystem must also be able to process those transactions.
For more information on contactless, click below.
- Contactless Fact Sheet
- Contactless Toolkit for Merchants
- Contactless Toolkit for Acquirers
- MCHIP FAST Fact Sheet
Learn how contactless is making payments easier and more secure here.
Fraud & Security
In an increasingly digital world where consumers shop using multiple devices across various channels, safety and security are a priority, especially at payment terminals. These are the most common points of account data compromise in card-present (“brick and mortar”) merchant environments.
Mastercard is committed to advancing the security and integrity of the payment ecosystem.
Learn more about our security solutions.
EMV is a standard for globally interoperable, secure payments. The key element of EMV involves including dynamic data in every transaction. This makes chip transactions more secure and reduces the risk of counterfeit fraud.
When a consumer uses an EMV-enabled device to pay at a chip terminal, the transacting card and cardholder are authenticated, verified and the transaction is authorized. The cardholder can use a PIN (Personal Identification Number), sign or use biometric cardholder verification (e.g., fingerprint, facial recognition, etc.) to confirm that the device is theirs.
EMV powers both contact and contactless secure chip transactions. It is essential to reducing fraud by facilitating advanced authentication that incorporates unique information in each transaction, making it virtually impossible to replicate.
Learn more about EMV and how it reduces fraud here.
Terminal Servicer Registration Requirements
Each Terminal Service must be registered to:
- Identify the Terminal Servicers that contract with each of their merchants.
- Perform due diligence on all Terminal Servicers.
- Ensure that Terminal Servicers that perform services with access to account or transaction data are PCI compliant.
Registration and Due Diligence Process
Complete Form 1278 and submit to the Global Registration team here.
- Access Form 1278 through your Acquirer.
- No registration or annual renewal fees will be billed for Terminal Servicers.
- Confirmation of registration will be sent to the customer.