Another credit card compliance mandate - this time from WorldPay specific to 2 MasterCard Mandate Deadlines. Do contact your WorldPay salesperson and your point of sale hardware and software provider to verify compliance if you received the communication below.
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Dec 20, 2016
Important MasterCard Mandates
At Worldpay, our valued customers and partner relationships are our highest priority. We are committed to providing trusted and reliable payments processing and are sending this important reminder requiring action with your point of sale partner.
MasterCard has issued two upcoming changes that may affect you, the MasterCard Unique Terminal Identification (TID) Mandate and the New 2-Series Bank Identification Numbers (BIN). While each update is very different, it is important to note the deadlines to comply are January 1, 2017 and May 1, 2017 respectively. You have been identified as a merchant that may be affected by these changes and may not already be compliant.
MASTERCARD UNIQUE TERMINAL ID MANDATE
What is happening?
Effective January 1, 2017, merchants who do not adhere to the MasterCard Unique Terminal ID mandate which requires unique terminal identifiers for each independent card reading device in a single location, will fall into a status of noncompliance with MasterCard. For each transaction that violates this mandate, you may be assessed a fine by MasterCard.
All merchants with multiple card-reading devices, such as PIN pads, connected to a single host terminal are required to have each of their devices identifiable with a unique Device ID number to remain compliant and avoid fines from MasterCard.
What do you need to do?
To ensure you comply with the mandate, contact your point of sale partner immediately. Card reading devices are required to send separate and Unique Device ID numbers by January 1, 2017.
If you would like to learn more about this mandate, click here to review MasterCard Unique Terminal ID Frequently Asked Questions (FAQs). For additional questions or concerns, contact your Worldpay Client Manager.
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
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.
If you would like to learn more about this mandate, click here to review MasterCard 2-Series BIN Implementation Frequently Asked Questions (FAQs). For additional questions or concerns, contact your Worldpay Client Manager.
© Worldpay 2016. All rights reserved. Worldpay, the logo and any associated brand names are trademarks of the Worldpay group of companies. Worldpay US, Inc. is a registered ISO/MSP of Citizens Bank, N.A., Wells Fargo Bank, N.A., and Eagle Bank, N.A.
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