MasterCard requires that all businesses with point-of-sale systems accepting the current 5 series cards must also be able to accept the cards with the new 2 series number. Please contact DBS directly to determine if any action is needed to ensure your system is in compliance and can accept the new 2 series cards.
Your failure to accept the new 2 series MasterCard cards after June 30, 2017 may result in non-compliance assessments being passed on to you from MasterCard– as well as potential lost revenue associated with not accepting customers’ cards.
The MasterCard fee schedule for non-compliance is:
• Up to $2,500 per occurrence for 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