Business Requirements

Business Information Guide

Overview

This guide provides detailed information about the fields required for business data in the Issuing BIN Sponsorship program. Each field is described with its requirements, character length, and examples to ensure accurate and compliant data entry.

Business Fields

Field Descriptions

• BUSINESSID: A unique identifier for each business. This ID must be 35 characters long.
• BUSINESSACCOUNTNO: The business account number. This ID must be 35 characters long.
• BUSINESSNAME: The full name of the business. This field is required and can be up to 50 characters long.
• DBABUSINESSNAME: The "Doing Business As" name. This field is optional and can be up to 255 characters long.
• BUSINESSTAXID: The tax ID associated with the business. This field is required and can be up to 15 characters long.
• BUSINESSTYPE: The type of business, such as limited-partnership, trust, sole-proprietorship, corporation, llc, general-partnership, professional-association, government, non-profit, or other. This field is required and can be up to 50 characters long.
• BUSINESS IDENTITY TYPE: The method by which the business was created. This field is required and can be up to 100 characters long.
• ADDRESS LINE 1: The primary address of the business. This field is required and can be up to 100 characters long.
• ADDRESS LINE 2: Additional address information for the business. This field is optional and can be up to 100 characters long.
• CITY: The city where the business is located. This field is required and can be up to 50 characters long.
• STATE: The state where the business is located. This field is required and can be up to 2 characters long.
• ZIP CODE: The ZIP code of the business location. This field is required and can be up to 10 characters long.
• COUNTRY: The country code of the business location, using the ISO 3166-1 Alpha-2 standard. This field is required and can be up to 2 characters long.
• PRIMARY PHONE NUMBER: The primary phone number associated with the business. This field is required and can be up to 15 characters long.
• EMAIL ADDRESS: The email address of the business contact. This field is optional and can be up to 100 characters long.
• BUSINESS ACCOUNT STATUS: The status of the business account, either open or closed. This field is required and can be up to 10 characters long.
• BUSINESS ACCOUNT CREATEDATE: The date when the business account was created, formatted as YYYYMMDD. This field is required.
• BUSINESS ACCOUNT CLOSUREDATE: The date when the business account was closed, formatted as YYYYMMDD. This field is optional.
• BENEFICIAL OWNERSHIP EXEMPTION: Indicates if the business is exempt from providing beneficial owner information. This field is required and can be up to 3 characters long.
• BENEFICIAL OWNERSHIP EXEMPTION REASON: The reason for the beneficial ownership exemption. This field is optional and can be up to 100 characters long.
• BENEFICIAL OWNERS EXISTS: Indicates whether beneficial owners exist for the business. This field is required and can be up to 3 characters long.
• NO 25 PERCENT OR MORE BENEFICAL OWNERS EXIST: Indicates if no beneficial owners with 25 percent or more ownership exist. This field is required and can be up to 3 characters long.
• NAICS PRIMARY CODE: The primary NAICS code(s) for the business. This field is optional and can accept multiple codes separated by commas, up to 100 characters long.

Example

Here is an example of how the business data should be formatted: