Visa & MC will move to 8-digit BIN standard by April 2022

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overfl0w
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Visa & MC will move to 8-digit BIN standard by April 2022

Post by overfl0w » Mon Mar 25, 2019 4:51 am

In 2015, the International Organization for Standardization (ISO) first announced its intent to migrate from the current 6-digit IIN (BIN) to an 8-digit standard. IINs are the six-digit numeric assets assigned to card-issuing financial institutions; at Visa they are known as BINs (Bank Identification Number).
ISO defines the IIN structure according to specific standards (ISO / IEC 7812-1 and ISO / IEC 7812-2) that it also oversees in its capacity as the global standards body.
In the 9 July 2015 edition of the Visa Business News, Visa announced the ISO migration as well as the strategies Visa would employ to support the shift and to conserve the existing BIN supply. More recently, the American National Standard Institute, the IIN administrator on behalf of ISO, confirmed ISO’s intent to migrate to an 8-digit standard.

In other words, now bins are 6-digit, the BIN of the card 4692792024756899 is 469279, which can be looked up at binbase.com and have found its issuer, grade and the issuer's country - "TELLER, A.S.", CREDIT CLASSIC, Norway.
In 2022, BIN of the same card will be 46927920.
All merchants and banks will be required to migrate to the new standard by 2022.

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Visa technical bulletin: https://www.gorspa.org/wp-content/uploa ... t-BINs.pdf
Visa migration deadline: April 2022
MC technical bulletin: https://globalrisk.mastercard.com/wp-co ... Impact.pdf
MC migration deadline: April 2022, testing start in 2019

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khond
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Post by khond » Fri Mar 29, 2019 6:21 am

Interesting post, thank you very much for the information

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Padhiarsaab
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Post by Padhiarsaab » Wed Apr 10, 2019 7:40 am

Interesting

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Magicman665
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Post by Magicman665 » Tue Jul 16, 2019 6:23 pm

What effect will this have on Carding, will it make it more difficult?

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Post by tutus » Fri Jul 26, 2019 6:00 pm

wow, there will be a lot of mess while migrating to a new standard
Magicman665 wrote:
Tue Jul 16, 2019 6:23 pm
What effect will this have on Carding, will it make it more difficult?

no i don't think so

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Groove898
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Post by Groove898 » Sun Jul 28, 2019 10:16 am

I saw a 8-digit bin already!

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pandalove
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Post by pandalove » Mon Sep 23, 2019 5:18 pm

Magicman665 wrote:
Tue Jul 16, 2019 6:23 pm
What effect will this have on Carding, will it make it more difficult?
I belive it will be the contrary, a lot of new bins to play with. fraud detection systems use data to be effective if they ahve no data in these new bins its asctually beneficial for some people.

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