Industry Considerations for 8-Digit BIN Migration

Publication Date: February 2022

All payments industry stakeholders should be prepared to support both 6- and 8-digit BINs by April 2022. While supporting 8-digit BINs may not require changes for some stakeholders, it may require development and process changes for others.  The Forum developed “Industry Considerations for 8-Digit BIN Migration” white paper to help provide guidance to for industry stakeholders about the introduction of 8-Digit BINs.

The goals for this document are to drive awareness of the 8-digit BIN requirement and to encourage stakeholders to review resource materials and information from the payment networks and other payment processing organizations associated with their business.

The resource provides:

  • Awareness of the 8-digit BIN requirement
  • Describes the impact of 6- to 8-digit BIN migration for different payments industry stakeholders
  • Provides example guidance on how to assess changes needed to support 8-digit BINs at the point of interaction and reviews implementation considerations for several functional areas and use cases

Please note: The information and materials available on this web page (“Information”) is provided solely for convenience and does not constitute legal or technical advice. All representations or warranties, express or implied, are expressly disclaimed, including without limitation, implied warranties of merchantability or fitness for a particular purpose and all warranties regarding accuracy, completeness, adequacy, results, title and non-infringement. All Information is limited to the scenarios, stakeholders and other matters specified, and should be considered in light of applicable laws, regulations, industry rules and requirements, facts, circumstances and other relevant factors. None of the Information should be interpreted or construed to require or promote the establishment of any solution, practice, configuration, rule, requirement or specification inconsistent with applicable legal requirements, any of which requirements may change over time. The U.S. Payments Forum assumes no responsibility to support, maintain or update the Information, regardless of any such change. Use of or reliance on the Information is at the user’s sole risk, and users are strongly encouraged to consult with their respective payment networks, acquirers, processors, vendors and appropriately qualified technical and legal experts prior to all implementation decisions.

Share this