Just want to confirm that AbleCommerce will be in compliance with the new 2-series bank identification numbers (BIN) mandates that are effective May 1st or if there's a patch we need. (see below) Please let me know!!
NEW 2-SERIES BANK IDENTIFICATION NUMBERS (BIN)
In order to support an expanding payments industry, MasterCard will begin issuing cards that utilize Bank Identification Numbers (BINs) beginning with a 2 in the range of 222100-272099. Effective May 1, 2017, merchants will be required to update BIN tables to support the new 2-Series BIN cards. If the appropriate actions are not taken, some MasterCard transactions will be declined at the point-of-sale (POS) and merchants in violation will be fined.
What is happening?
Working with your respective partners, you will be required to update your POS terminal software in order to begin accepting and processing new 2-Series BIN transactions. If you do not update your software before the deadline, you will fall into a status of noncompliance. Each noncompliant merchant and/or ATM location may face fines in the as noted below.
• Up to $2,500 per occurrence for the first 30 days
• Up to $5,000 per occurrence for days 31-60
• Up to $10,000 per occurrence for days 61-90
• Up to $20,000 per occurrence for subsequent violations
A noncompliant occurrence is defined as any attempted and failed 2-Series BIN transaction that is confirmed as failed due to a merchant’s lack of readiness to support 2-Series BIN transactions.
What do you need to do?
Contact your point of sale partner immediately to make any necessary updates to BIN tables to support the new 2-Series BIN by the May 1, 2017 deadline.
Compliance with New Mastercard Mandate Effective May 1?
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- Commodore (COMO)
- Posts: 436
- Joined: Tue May 07, 2013 1:59 pm
Re: Compliance with New Mastercard Mandate Effective May 1?
Expand "Minor Upgrades" in the left column on the help page: http://help.ablecommerce.com/
Direct links:
There's a patch for R9 - R11 here: http://help.ablecommerce.com/upgrades/a ... atches.htm
For R12, SR1 is here: http://help.ablecommerce.com/upgrades/a ... ld_r12.htm
Direct links:
There's a patch for R9 - R11 here: http://help.ablecommerce.com/upgrades/a ... atches.htm
For R12, SR1 is here: http://help.ablecommerce.com/upgrades/a ... ld_r12.htm
Jay
Re: Compliance with New Mastercard Mandate Effective May 1?
We're running Gold R8. Where can I find that patch?
Re: Compliance with New Mastercard Mandate Effective May 1?
For AbleCommerce Gold R8 and older, the MasterCard change is not applicable.
Thank you for choosing AbleCommerce!
http://help.ablecommerce.com - product support
http://wiki.ablecommerce.com - developer support
http://help.ablecommerce.com - product support
http://wiki.ablecommerce.com - developer support
Re: Compliance with New Mastercard Mandate Effective May 1?
Ok, just so I understand, we don't have to make any changes in order to be compliant with the new mandate?
*Edited for spelling typos.
*Edited for spelling typos.
Last edited by MaryP on Thu Apr 27, 2017 4:20 am, edited 2 times in total.
Re: Compliance with New Mastercard Mandate Effective May 1?
Please read the last section of the page that Jay linked above. I would recommend that you do some testing to make sure everything is working as expected. The payment gateway that you are using needs to support the new MC numbers as well. Our patch for R9 and above only affects the validation within AbleCommerce.
Thank you for choosing AbleCommerce!
http://help.ablecommerce.com - product support
http://wiki.ablecommerce.com - developer support
http://help.ablecommerce.com - product support
http://wiki.ablecommerce.com - developer support