Do you want to secure your business from online transactions made through fraudulent credit cards, debit cards or prepaid gift cards? All you need is an accurate bank BIN database that helps you instantly verify the genuineness of a transaction. A BIN database is a comprehensive BIN list that helps identify the issuer of the card(or the bank). The database can be used to track any particular Bank Identification Number (BIN) to find its genuineness.
Bank Identification Number (BIN) or Issuer Identification Number (IIN) is the six digit number on a bank card that gives details about the issuer of the card. It holds information about the bank, the country where the bank is located, card brand (such as Visa, MasterCard etc.) and card type. When someone makes a purchase, the system identifies the issuer with the card BIN number. This number helps identify the reliability of the transaction.
Who Needs a BIN Database?
Whether you are a small online company or a financial service provider, a credit card BIN list can help you secure your online transactions and reduce the risk of fraud. It allows you to monitor daily transactions and saves you from a financial loss that may be occur from card charge backs.
• Latest update sent to clients: 226000+ BIN numbers, 17 February 2014.