MasterCard Updates You Need To Know About

MasterCard cards are issued with account numbers beginning with a “5”. Beginning in 2017, MasterCard cards will also be issued with account numbers beginning with a “2”.  The cards beginning with a 2 will be processed in the same manner as current MasterCard cards.

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 compliant 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.