The results of the Reserve Bank’s 2022 Consumer Payments Survey show that consumers continue to shift from using cash to electronic payment methods – a trend that was accelerated by the COVID-19 pandemic and consumers’ preference towards using debit and credit cards and making payments online. Consumers are also increasingly using more convenient payment methods, […]
Tag: credit cards
Extension of BINs – Global Move to Preserve Growth in Cards
Increasing BIN demand across the card payments network has created the need for the extension of BINs from the first six-digits of a Primary Account Number (PAN) to the first eight-digits of a PAN. […]
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