MasterCard Rules (PDF)

Licensing and Licensed Activities
2.7 Liability for Assigned ICAs and BINs
If an approved application for issuance of a payment card or device indicates
the applicant’s preference, by way of a checkmark or otherwise, to be issued a
Card, then the Issuer must issue a Card.
NOTE
Variations to this Rule appear in Section 10a, “New Zealand Rules”; Section 11a,
“Canada Region Code of Conduct Related Rules”; Chapter 12, “Europe Region
Rules”; Chapter 13, “Latin America and the Caribbean Region Rules”; Section 14a,
“South Africa Rules”; and Chapter 15, “United States Region Rules.”
2.7 Liability for Assigned ICAs and BINs
Each Principal or Association is responsible to the Corporation and to all other >>
Customers for Transactions arising from the use of the ICA(s)/BIN(s) that
the Corporation assigns to the Principal or Association. Neither a Principal
or Association nor any of its Sponsored Affiliates may use the Principal's or
Association's BIN to issue Cards other than as specified by the Corporation.
NOTE
Additions to this Rule appear in Section 10a, “New Zealand Rules”; Section 12a,
“Europe Region Debit-related Rules”; Section 14a, “South Africa Rules”; and
Section 15a, “United States Region Debit-related Rules.”
2.7.1 Settlement Liability for Debit Licensees
NOTE
A Rule on this topic appears in Chapter 15, “United States Region Rules.”
2.7.2 Settlement Liability for Type I TPPs that Sponsor Affiliates
NOTE
A Rule on this topic appears in Chapter 15, “United States Region Rules.”
2.8 Obligations of a Sponsor
2.9 Name Change
Each Principal or Association must advise the Corporation promptly if an
Affiliate ceases to be Sponsored by the Principal or Association or changes its
name or has a transfer of Ownership or Control.
The Corporation must receive written notice at least sixty (60) calendar days
before the effective date of any proposed Customer name change. A Customer
that proposes to change its name must promptly undertake necessary or
appropriate action to ensure that its Participation and License(s) and Activities
disclose the true identity of the Customer.
©1969–2012 MasterCard. Proprietary. All rights reserved.
2-6 12 December 2012 • MasterCard Rules