As an approved Mastercard issuer, we can provide BIN sponsorship to the following:
- businesses and organisations who are not financial institutions, but who wish to run their own pre-paid card programmes
- other financial institutions who are not Mastercard members
- lenders who wish to issue credit card products
Some of the benefits of BIN sponsorship:
- configure a BIN in a variety of different ways to suit your product requirements in terms of settlements and issuance country
- ensure portability of the entire portfolio in one process as you can migrate a BIN to a new issuer if required, often possible without recarding all cardholders
- have granular control and visibility on the BIN and transactional costs, with direct pass through invoicing from the card scheme (Mastercard/VISA)
- implement a BIN at card processor platform of your choice, owning the relationship directly with the Processor.
We will ensure your card programme meets the relevant Card Scheme regulations, and will manage the Card Scheme relationship.