Business Requirements

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, character type, and examples to ensure accurate and compliant data entry.

Business Fields

Field	Required	Description	Character Length	Example
BUSINESS ID	Yes	Unique identifier for the business.	35	BUS123456
BUSINESS ACCOUNT NO	Yes	Business account number.	35	123456789012
BUSINESS NAME	Yes	Full business name.	50	Acme Corporation
DBA BUSINESS NAME	No	"Doing Business As" (DBA) name.	255
BUSINESS TAX ID	Yes	Tax ID associated with the business.	15	98-7654321
BUSINESS TYPE	Yes	Business type (e.g., limited-partnership, trust, sole-proprietorship, corporation, LLC, etc.).	50
BUSINESS IDENTITY TYPE	Yes	The method by which the business was created (e.g., incorporation, partnership, etc.).	100
ADDRESS LINE 1	Yes	The primary address of the business.	100	456 Elm St
ADDRESS LINE 2	No	Additional address information.	100	Suite 300
CITY	Yes	The city where the business is located.	50	San Francisco
STATE	Yes	State where the business is located.	2	CA
ZIP CODE	Yes	ZIP code of the business.	10	94107
COUNTRY	Yes	Country code using ISO 3166-1 Alpha-2 standard.	2	US
PRIMARY PHONE NUMBER	Yes	The primary phone number for the business.	15	1-415-555-1234
EMAIL ADDRESS	No	Email address for the business contact.	100
BUSINESS ACCOUNT STATUS	Yes	Status of the business account (Open or Closed).	10	Open
BUSINESS ACCOUNT CREATEDATE	Yes	Date when the business account was created (format: YYYYMMDD).	Date (YYYYMMDD)	20200101
BUSINESS ACCOUNT CLOSUREDATE	No	Date when the business account was closed (format: YYYYMMDD).	Date (YYYYMMDD)	20250101
BENEFICIAL OWNERSHIP EXEMPTION	Yes	Indicates if the business is exempt from providing beneficial owner information.	3	Yes
BENEFICIAL OWNERSHIP EXEMPTION REASON	No	Reason for exemption from providing beneficial ownership information.	100	PUBLICLY_TRADED
BENEFICIAL OWNERS EXISTS	Yes	Indicates whether the business has beneficial owners.	3	Yes
NO 25 PERCENT OR MORE BENEFICIAL OWNERS EXIST	Yes	'Yes' if no beneficial owners with 25% or more ownership exist.	3	Yes
NAICS PRIMARY CODE	No	The primary NAICS code(s) for the business. Can accept multiple codes separated by commas.	100	123456, 654321