Visa's Numerics Initiative
The electroniﬁcation of payments is more successful than ever anticipated. To address the industry shortage in supply, the International Organization of Standards (ISO) has expanded the length of issuing BINs from 6 to 8 digits. Visa is supporting this change to fuel innovation of the payment ecosystem.
How expanded BIN length may aﬀect you
Numerics Initiative action steps
We encourage clients to take action sooner rather than later and plan now for changes that can aﬀect their back-oﬃce systems—both processing and downstream.
Resources to get you started
Since 2015, Visa has been preparing our clients to support the numerics expansion. We encourage our clients to more actively manage their BIN portfolio now, in preparation for future opportunities. Check out some of our resources below to begin your planning today.
Together, we are innovating the payment ecosystem
The ongoing evolution of digital payment products and form-factors will increase the necessity of our collective agility and speed to market. The continued advancement of our clients, partners and competitors empowers all of us to move into the next generation of digital payments, together.