All card brands have announced changes to minor units for Icelandic Krona. All transactions must be processed with zero minor units. Transactions that are submitted after 14 April 2023 must be submitted with zero minor units.
From April 2022, no new 6-digit bins will be issued, and 8-digit bins will already be in circulation. By this date, all acceptance points will be expected to be able to correctly recognise an 8-digit BIN series, and to process the card accordingly.
All card brands have announced changes to minor units for Icelandic Krona. All transactions must be processed with zero minor units. Transactions that are submitted after 14 April 2023 must be submitted with zero minor units.
From April 2022, no new 6-digit bins will be issued, and 8-digit bins will already be in circulation. By this date, all acceptance points will be expected to be able to correctly recognise an 8-digit BIN series, and to process the card accordingly.
What you need to do:
If you are using an Elavon point-of-sale (POS) terminal or ecommerce gateway you have no action to take as we look after this for you. If you are using a third-party POS or Gateway provider, you should contact your provider to make sure they can support the change to minor units.