Monthly Archives: March 2019

BIN Lookup

In very recent times, transactions which are carried out via the internet have become a major way for fraudsters to gain access to the hard-earned money of other people. As a result of the frequent fraudulent activities which are credit card related, lots of online businesses have had to part with lots of money. Well, in as much as these many fraudulent activities that credit card related have come to stay, there are lots of ways in which they can be avoided. One of those ways is through BIN lookups.

What is a BIN Lookup

A BIN lookup is a process in which the bank identification number of a plastic card which is used to make any transaction online is checked through the use of a tool known as a BIN checker. It is a very rapid and accurate process which makes use of a trusted BIN database in analyzing bank identification numbers before any transaction is approved.

So, if you have to get a card verified rapidly, one way to do so is through the use of BIN lookup.

Importance of BIN Lookup

BIN lookup is of utmost importance to every online merchant. Whilst there are a lot of reasons why every online retailer should take advantage of BIN lookup, one of the most important reasons why online business people have to make use of BIN lookup is the fact that one out of every ten online transactions has criminals behind them.

Although these criminal transactions might not stop anytime soon, one easy way to stay secure is through the use of BIN lookups. With regular BIN lookups, your business can be protected from the activities of con men. This is in addition to the fact that you can carry out your business with peace of mind.

What are the benefits of BIN Lookup

When a credit card fraud occurs, everyone is affected. The online retailer, as well as the customer, are not free from the adverse effects of credit card related fraudulent activities. Well, in as much as both customers and merchants are affected, the impact of a credit card fraud on merchant is more pronounced than on a customer. While customers can benefit from chargebacks, the same cannot be said for online merchants. Well, because of BIN lookups, online merchants can be relaxed because of the knowledge that they will not be victims of credit card fraud.

Who Needs a BIN Lookup

A BIN lookup is a perfect antidote for online retailers, internet firms and every individual that has to make use of online transactions but is scared of the activities of credit card fraudsters.

It is impossible to tell when a fraudulent transaction will occur. As a result of this, when credit card related fraud takes place, a lot of internet businesses are left with no form of defense. More often than not, after a series of credit card related fraudulent activities, a lot of internet-based enterprises find themselves in a financial mess. As an online retailer, you can prevent unnecessary financial troubles by taking advantage of the availability of BINlookups.

Feel free to peruse our unmatched online BIN lookup!

Virtual BINs Detection

Do you sometimes feel unsafe while handing over your debit or credit card number when shopping online? Well, feeling apprehensive about electronic payment methods is not uncommon. Considering the risks that online payment methods entail, such as clone credit card and online frauds, credit card users want permanent solutions. The good news is that now there is a proper security option credit card users can choose to protect their money from online theft.

Many people still don’t know about the option of Virtual Credit Cards. These little chip credit cards’ play a critical role in making financial information more secure. Not only do they help you decrease the risk of online theft via cloning credit cards but also improve the online shopping experience.

However, there is a flip side that is necessary to consider before opting for this solution. Switching to virtual credit cards doesn’t eliminate the risk of fraud completely. If there is no appropriate payment or time limit on the virtual credit card, your vendor can put fraudulent charges.

That is to say, considering the possible challenges and problems that may arise when accepting virtual credit cards is of paramount importance for merchants and their account receivable (A/R) departments.

If you want to move from paper-based process to an advanced electronic card system, read on to learn more about this concept:

What is a Virtual Credit Card?

A virtual credit card or a controlled payment number is a disposable version of a static credit or debit card. People use it for online purchases. Plus, it is used to minimize the likelihood of online hacking and credit card fraud. The usefulness and efficacy of virtual credit cards lie in the way it shares your card data. The imprinted data on your card, such as BIN, expiration date, address, and security code are not only the same but also are often subject to misuse by online hackers.
Virtual credit cards (VCC) are a source of dynamic information for online retailers. Every time a customer pays using his/her virtual credit card, retailer receives a different verification. That is one of the reasons why VCC is a safe and secure online payment method. In other words, VCC functions like your disposable representative of original credit card. You can easily delete it in case of an online theft.

Following are some defining features of VCC:

o VCC protects card information, improving card security
o You can use it only for online purchases
o Each VCC has a different security code, expiration date, and security code
o VCC’s features may vary and depend on card issuer
o VCC can have multiple or single transactions
o VCC may have spending limits
o All purchases via VCC show on your account

Does VCC Protect Credit Card Users?

One reason why an increasing number of people and retailers are switching to virtual payment systems is the security features. Generally, retailers store payment information of their customers to use in the future. But there is no denying that convenience comes at a cost, which means if hackers gain access to retailer storage, the sensitive and confidential information of customer can be misused. So, if you paid for purchases online with your static credit card, technically you are at risk. In short, VCC mitigates that risk and allow customers to experience a unique transaction method.

This reason is why many companies making a shift from labor-intensive, processes to efficient electronic systems. The option of paying with VCC will help retailers simplify the payment process while bringing several benefits. A number of visa payment companies, in this regard, are making their Visa payments via VCC credit cards to help corporations streamline their accounts with smooth payment processing. At the same time, these companies avoid the upfront and current costs associated with the payment process.

Challenges in Accepting VCC

VCC may not have the same impact for everyone. There is no doubt that it offers a plethora of benefits for consumers and buyers but accepting it can be daunting for merchants, A/R department and suppliers. Here are some key factors;

o Suppliers, typically manually retrieve credit card numbers. As VCC provides different virtual BIN code every time, information remittance from emails becomes hectic.
o Suppliers key the payments paid through virtual credit cards, which usually takes time
o The next step is to look up the invoices in ERP to apply different payments
o Suppliers store the credentials of all virtual cards of different buyers in the system, which often raises PCI concerns
o Suppliers repeat the same process for each VCC payment made in stores, even if the same buyer made the payment
o A virtual credit card carries a high acceptance rate, approximately 3% per transaction

The mentioned issues may sound trivial in the grand day-to-day business challenges but if you are a part of the A/R team, sorting out hundreds of credit card payments everyday and processing them in order to keep the cash flow of your company flowing and green may cause delays.

In addition, VCC has a far way to go to become a perfect solution to the problems like online fraud and theft. This reason is why it is essential for merchants to detect VCC challenges before accepting it for the businesses.

VCC comes with limited availability. The card is offered by only Citibank, Bank of America and Discover. Other major card services including American Express, PayPal and CapitalOne don’t offer VCC services. Plus, if there is no payment or time limit, you may be at the risk of fraudulent charges.

Bottom Line

Overall, virtual credit cards are useful but only in some specific situations, especially if you are a supplier or merchant. That is why exploring the possible challenges in using an electronic card system is important before accepting them.

Our database offers a relible detection mechanism for VCC. Below is the sample from our database:

529172,MASTERCARD,”CAPITAL ONE BANK (USA), N.A.”,DEBIT,VIRTUAL,UNITED STATES

Debit vs. Credit Card Detection

“How would you like to pay: through a credit card or debit card? You are often asked this question at grocery stores, restaurants, and shopping malls by merchants and shopkeepers. There is no denying that credit and debit cards do not only look similar, but they also allow you to pay conveniently without cash. Not only this, both credit and debit card are accepted at various different places, eliminating the need to carry cash.

However, despite all these similarities these two cards have different functions. More importantly, credit cards and debit cards have a great impact on your spending habits in a distinct way. One of the fundamental differences between a credit card and debit card is the account from where your card withdraws money.

To put it simply, a credit card charges money to your credit line whereas a debit card charges it to your bank account. For example, when you use a debit card for payment, the money is directly deducted from your bank account. You will have to enter your PIN number that is associated with the debit card you are using.

The PIN number is for security purposes. That means if your account has $450 and you bought a $500 item, your transaction is likely to go through a debit card. But you will be charged an overdraft fee for insufficient funds, which is $50 in this case.

Credit cards, however, function differently. It is all about borrowing money from a credit card company to make payments for your purchased items. You get a specific amount of funds to spend when you use a credit card, which is often referred to as your credit card limit. Plus, if you do not pay off the balance amount when your billing cycle ends, your credit card company charges interest on your balance.

However, if you are an online merchant, knowing the difference between a credit card and debit card is substantially important. It is because the right choice determines how your purchase will be processed, its processing cost and how long will it take?

But before we plunge into this discussion, let’s understand what credit and debit cards are and how they are processed?

What is a Debit Card?

Although a debit card offers the convenience and balance of a credit card, it works in a different way. As mentioned earlier, debit cards draw money from a checking account when a purchased is made. Banks hold the amount spent on the purchased items. The transactions are then sent to the bank to be transferred to the merchant account. The process takes a few days to transfer the money.

At this stage, it’s important that the merchant keeps a running balance of his/her checking account. It ensures that the merchant’s account is not overdrawn. In general, a user gets a PIN to operate a debit card at different places, such as shopping stores. However, a user can use a debit card without a PIN number to conduct transactions with most merchants. Like a credit card, the user needs to sign a receipt to process the payment.

What is a Credit Card?

Typically, a credit card allows users to borrow money from a line of credit that is known as a credit card limit. It is used to make basic transactions that are later reflected on the bill. The noteworthy feature of a credit card that distinguishes it from a debit card is the interest that it charges you for the purchases.

However, if your balance is paid every month, there will be no interest. It is also important to remember that credit cards carry a high interest rate; plus, the history and balance of your credit card payment may affect credit card scores.

Credit Cards vs. Debit Cards

According to a study by Thomas Foscht published in International Journal, the choice of payment mode depends on customer satisfaction. A lot of other financial experts believe that credit card transactions have an edge over debit card transactions, particularly when it’s about choosing one electronic payment system.

Credit cards provide more benefits in processing certain transactions that include online shopping or renting a car. It is not only a safer option, but also easy to travel with.

In addition to that, some people argue that credit cards offer additional insurance on certain purchases. That is what makes it convenient when you are requesting a return. Here you need to understand the disclosure information about your credit card to make the most of its benefits.

Debit cards, on the other hand, offer the same convenience as credit cards without having to borrow the money from a credit card company. A debit card doesn’t provide you consumer protection like a credit card. Besides this, other than over-drawing penalties on the account, there is no hidden cost or fee on debit cards. This is unlike a credit card that charges you for over limit, annual membership fees and, sometime, late payments.

A lot of consumers believe that making purchases with a debit card is more like using real money that leads to great financial responsibility. If you are an impulsive spender, a debit card is undeniably a safer option.

Choosing the best electronic payment method is often difficult for people as both types of credit cards offer different advantages. For example, if you often face spending issues, it is always better to use a debit card as it helps you from excessive spending. However, if you want to enjoy reward programs, faster hotel reservations, or easy car rentals, using a credit card is the best option.

More importantly, if you are an online merchant switching from a cash-only business to one that works on credit, then credit cards are beneficial. A number of experts believe that credit card payments can increase sales linked to ‘impulsive buying’. It has the great potential to increase both the dollar amount and frequency of consumer purchase.

Bottom Line

Overall, there is no doubt that businesses that accept credit cards often have greater advantages as it can boost sales. But that doesn’t mean you should not research all the cards processing methods to choose the best option.

Our database offers a perfect solution to differentiate between debit and credit cards.

Below are two examples of debit and credit cards being issued by the same bank:

432747,VISA,JUNIPER BANK,CREDIT,CLASSIC,UNITED STATES

432748,VISA,JUNIPER BANK,DEBIT,CLASSIC,UNITED STATES

Commercial BINs Detection

Commercial BINs Detection

Regardless of what credit card you use for your personal or commercial purchases, they share some specific physical characteristics that have considerable significance. Some of those features are not only important for your card identification, but also for merchants to process your transactions. In general, the features common in several credit cards currently in circulation are the appearance, size and, most importantly, a particular number emblazoned in front of the card.

Bank identification number comprises few digits and has a great functional significance to the issuer and its network provider. A lot of people do not understand this as the payment industry is full of confusing acronyms and terms. For example, bank industry typically uses the term BIN to refer to issuer identification number (INN).

Whether you call this number sequence INN or BIN, there is no denying that they are of paramount importance when it comes to identifying card issuers. Plus, the number sequence helps merchants identify if the card is being used for private and corporate purposes. That is what makes distinguishing between private/consumer bank identification numbers (BINs) vs. commercial BINs important for merchants.

Before we plunge into the discussion of why knowing the difference between commercial and private BINs is important, let’s understand what a BIN is and how it works.

What is a Bank Identification Number (BIN)?

Commonly abbreviated as BIN, bank identification number refers to the first six-digit sequence on your credit card. Typically, merchants use this number to identify the financial institution that has issued the card. As mentioned earlier, the number sequence is also referred to as an Issuer Identification Number (IIN) in banking terminology. INN is a more generalized terminology used in non-banking institutions; for example, American Express uses INN for BIN network.

The listed six-digits IIN or BIN on credit cards is specific to the financial institution or bank that issued it. BINs are really helpful for merchants in identifying the issuing bank of a cardholder.

How Do BINs Work?

Commercial or private BINs first establish the location of the financial institution or bank that issued the card. The specific number scheme then recognizes the name of the institution which payment industry participants use as an organizing root or category that cluster cards issue with BIN portfolio.

For example, when a purchase is made using a Visa Card, the payment processor or vendor receives a six-digit number. These numbers identify the type of credit cards used, such as Discover, Visa Card or MasterCard. Then it identifies the issuing bank. Once the transaction is validated by an electronic system, the database of BINs is checked.

The Americana Bankers Association that assigns BINs to credit cards keeps these number schemes secure in a non-public database. However, this data and configuration secured in the database may vary from country to country as some states have only four-digit BINs.

How Online Merchants Use Commercial BINs?

Apart from identification, a number of online merchants use bank identification numbers to detect fraud. A BIN helps online merchants locate the geographic location of a cardholder. With a BIN, it becomes easy to compare the geographic location where a credit card is used. The term BIN is often interchangeably used for Interbank Card Association Number (ICA) and helps find personal identification numbers.

To put it simply, BINs help online merchants track the location of transactions or where they are being executed. Using BINs, merchants have increased their debit and credit card transactions in recent decades. They have become a fundamental part of accepting and declining a transaction made via a credit or debit card.

Why the Distinction between Private and Corporate BINs is Important?

If you run a business that requires big purchases, using a commercial card is always beneficial. However, one of the differences between private and corporate BINs is the type of card one is using. As commercial credit cards are not covered by the Credit Card Act 2009, they do not get the benefits that users of a personal card have. Plus, interest rates on business credit cards are frequently changed.

Moreover, detecting commercial BINs has become even more important for merchants since the Directive on Payment Services (PSD2) has made a few significant amendments. That means surcharges on private credit card payments have been banned by PSD2. The prohibition on these payments has significant implications for consumers as well as merchants.

It has increased the need to detect commercial BINs. Now no private cards can be marked as commercial or have levy fees on purchases.
However, few corporate cards can be marked as personal as well. Merchants have to pay a percentage of fees when using personal cards for corporate purchases.

Implications of PSD2 and How BIN is Used to Identify Corporate Cards

Since surcharging customers for credit or debit card payments is now out of question, it has created problems for most merchants. Many merchants have agreed to levy across-the-board cost increase to cover their lost revenue.

Many of them stopped accepting debit and credit cards in the hope that consumers will find their services enticing enough to choose an easy payment method.
One of the best ways is to earn surcharge payment with a commercial credit card since it’s not prohibited, but you have to avoid it for private cards.

Here, we provide you a comprehensive list of BINs database to help you identify commercial and personal cards accurately and quickly:

432733,VISA,METABANK,DEBIT,BUSINESS,UNITED STATES

• 1. 432733″ – BIN
• 2. “VISA” – Card Brand
• 3. “METABANK” – Issuing Organization
• 4. “DEBIT” – Card Type (DEBIT, CREDIT, or CHARGE CARD),
• 5. “BUSINESS” – Category of Card
• 6. “UNITED STATES” – ISO name of the issuing country

With this BINs database, identifying corporate cards is very easy and you can enjoy the peace of mind knowing that you didn’t breach any laws.

Prepaid and Reloadable/Non-Reloadable Debit BINs

Are you curious about using a prepaid card, but are not sure about its advantages and disadvantages? Whether you are a shopping enthusiast or an entrepreneur, knowing about the structure of prepaid cards will not only help you get the right one for your business but also enable you to make the most of its benefits.
Prepaid cards are the option that allows you to load advance money onto your card for making transactions and purchases. It’s not linked to your bank accounts and this feature of the prepaid card makes it stand out it from credit cards. For most of your purchases, you can use a prepaid card for spending the amount you’ve loaded in your account.

Unlike credit cards, you cannot charge purchases to your card to be paid later as they are not linked to any credit line. In case you try to make purchases worth more than your prepaid card’s limit, your transaction will be declined. Besides this, it is possible that some cards cost you a small fee if your card is declined, so it is important to read the print on your prepaid card before you use it.

In general, the following are the key beneficial features of prepaid cards;

• With prepaid cards, there is no need to have a bank account. That means you have this convenience to deposit money directly onto your card
• It provides you options to deposit money directly or reload cards from the financial institution or any retail stores
• No credit check is required
• You can deposit paychecks onto cards for conveniently spending money
• You can pay your tax refund if you have a prepaid visa card
• Prepaid visa card also offers purchase protection
• There is no chance you can overspend as you can’t spend cash more than the balance in the card

Types of Prepaid Cards

Another interesting feature of a prepaid card is its open and closed loop (with or without network a logo). Plus, prepaid cards are reloadable and non-reloadable and this characteristic distinguishes them from credit or debit card. Both these types of prepaid cards offer different advantages.

Difference between Prepaid Reloadable and Non-Reloadable

Reloadable Prepaid Cards

A reloadable prepaid card is more or less has some combined features of traditional debit and card, but it’s relatively a different form of payment method. As mentioned earlier, you can load money and funds in a reloadable prepaid card to shop, pay bills, transfer money, and withdraw cash from account and ATM. Not only this, you can receive payroll deposits and other government benefits. Plus, you can use the reloadable prepaid card anywhere, including American Express and MasterCard.

How Can You Set Up a Reloadable Prepaid Card?

To set your reloadable card, all you need to browse through available options in different financial institutions.

• Purchase the card and load money, but before that make sure you register it with the bank issuing the card. Once your details are verified, you receive your personalized reloadable card.
• Add funds onto your reloadable card with cash or direct deposit from any convenient location of your bank.
• Use the reloadable prepaid card for multiple purposes anywhere

Non- Reloadable Prepaid Card

Non-reloadable card, on the other hand, is often provided by the merchants as their rebates and promotional offers. Like reloadable prepaid cards, you can purchase these prepaid cards from credit unions, banks, and financial institution. The noticeable difference between reloadable and non-reloadable card is that it comes with a set limit. Once you spent all the balance in your non-reloadable debit card, you cannot reload it.

However, a non-reloadable prepaid card can be used to make a purchase in store, over the phone, or online until your card amount reaches zero. It is always better to use all your balance in the non-reloadable prepaid card as the issuer can deduct services charges if your account is dormant.

Challenges with Accepting Prepaid Card a Merchant Needs to Consider

There is no denying that prepaid cards offer a plethora of benefits in terms of offering convenient payment methods. Plus, merchants don’t need additional software or hardware when it comes to accepting prepaid cards. They are issued by almost all the card brands and have the same issuing process as a debit or credit card.
There are, on the flip side, few challenges merchants need to consider and timely detect while accepting prepaid cards.

Glitches in Automatic Installment Payment

This is one of the important challenges many merchant faces while working with prepaid reloadable and non-reloadable cards. Once you accept automatic installment payment, you need to be cautious. If your customer uses all his/her balance and they don’t reload prepaid cards or their card is non-reloadable, you might not be able to charge the prepaid card due to technical glitches.

To avoid this, a number of merchants do not accept the prepaid card for purchases, specifically made on installments. It is better to have a backup payment method to tackle these circumstances.

Disruption in the Payment Process

It is important that you work with an efficient payment processor that can segment reloadable prepaid cards from non-reloadable prepaid cards. It will allow you to take appropriate measures to avoid payment disruption, particularly on non-reloadable prepaid cards.

Declined Transactions

Another common issue that often merchants have to go through is declined transactions. As mentioned earlier, when a customer makes a purchase using a prepaid card and it may be declined due to insufficient funds in the card. The situation can be embarrassing for the customer and full of hassle for the merchant if there’s no alternative payment method.

With partial authorization, you can prevent this problem from happening. It charges a partial amount of the total purchase. You can pay the remaining balance via another payment method. This way, you can complete the transaction that might otherwise be declined.

High Transaction Fees

The high transaction fee is another worthy aspect/ challenge you need to consider before accepting the prepaid card. Although fees may vary from issuer to issuer, it may lead to high transaction charges and affect profit margins even for smaller purchases.

Bottom Line

Overall, accepting prepaid cards is a way to help customers use a preferred payment method but it is important to consider the possible challenges that might come after accepting them. A merchant should detect these problems to avoid disruption in the payment process. We offer complete coverage of prepaid reloadable and non-reloadable card BINs.

Here’s an example of prepaid reloadable BIN from our database:

452172,VISA,PACIFIC WESTERN BANK,DEBIT,PREPAID RELOADABLE,UNITED STATES

You can utilize the PREPAID RELOADABLE parameter to filter such cards.

Protect Your Business With A Bin List Checker

Bin Checker

It might be generally believed that a bin checker is only essential to merchants. Well, in as much as bin checkers are critical to merchants, merchants are not the only ones that benefit from them. Card owners, as well as institutions which issue cards also benefit from. Before going on about the benefits of a bin checker, it is important we know what a bin checker actually is.

What is a BIN Checker

A bin checker is a tool that plays a huge role in preventing credit card fraud. It is basically a software which has a database of BINs and is active in helping merchants have access to important information which BINs of cards which are used in making payments contain. With a bin checker, the content of a bin database can be matched with the bin number of a plastic card. This, therefore, goes a long way in the prevention of fraudulent activities. When a bin checker is used, the dangers that are associated with financial fraud can be avoided. A Bank Identification Number which is abbreviated as BIN consists of the first four to six numbers of a debit or credit card. Usually, there are lots of fraudulent activities associated with the use of credit cards and debit cards. As a result of this, corporations can make use of a bin checker to ascertain how genuine a credit card is.

What is a BIN

Without adequate knowledge of what a bin is, a bin checker will be very irrelevant. This, therefore, makes it important to know what exactly a bin is if you must fully understand how to make use of a bin checker.

Basically, BIN is an abbreviation for a bank identification number. A bank identification number is the initial 4 to 6 numbers on a plastic card. This card could be a credit card, a debit card, or a prepaid card. The bank identification number serves a lot of purposes. One of those purposes is in the identification of the institution responsible for issuing a card.

The bank identification number is the same thing as the issuer identification number. While the term “bank identification number” limits this number to plastic cards issued by banks alone, issuer identification number refers more openly to cards issued by other institutions from other industries aside from the banking industry.
The bank identification number was created by the American National Standards Institute and the International Organisation for Standardisation. The aim of its creation was to serve as a means of the identification of corporations which issue plastic cards. In addition to serving as a means of knowing the institution that issued a card, bin makes it easy for the transactions carried out with cards to be evaluated and assessed.
Whilst it can be said that virtually everyone that makes use of a card knows that bin checkers are used in the prevention of fraud, there is a lot more that can be done with bin checkers. The information which can be accessed through the use of a card reader includes:

The industry your card issuers is in

Banks are not the only institutions that issue plastic cards. Other institutions from other industries also give out plastic cards. With a bin checker, merchants are able to tell what industry the institution that gave out a card is in. This information is gotten from the card’s first number.

Brand of Card

Cards at not just issued by various institutions, they are also of different brands. Some of the most famous brand types are Visa, MasterCard, Discover, etc. With a bin checker, you can tell the brand of a card. An example of this is you can be certain that the brand of a card is Visa if it begins with four and is a MasterCard if it begins with 2.

The Exact Card Issuer

With a good BIN checker, you can always tell the exact institution responsible for issuing your card. If a bank issued the card, then, you can tell the exact bank that issued the card. Also, if any other business issued the card, a good bin checker can help you decipher that.

Type of Card

Institutions which issue plastic card can give out various types of plastic cards. The types of plastic cards that can be issued by these institutions include credit cards, prepaid cards, debit cards, gift cards, etc. Any of these cards can be used in making payments. With a good bin checker, it is easy to tell what type of card a customer uses to make a purchase.

Card Category

While there are different brands of cards, each of these brands of cards has various categories from which customers can make a choice. Some of the various categories of cards which MasterCard possesses are gold, platinum, standard, world elite, elite, and titanium. These various categories of cards offer various benefits to customers. With a bin checker, it is easy to tell what category a card falls into.

Importance of Bank Identification Number Checker

A bank identification number is a special number which can be made use of in searching bin database and in checking credit card details, thereby, ensuring that online credit card fraud is prevented. Bank identification number checker basically makes use of bin database which usually has access to the information below

• The name of the firm which issued the card
• The country in which the credit card was given
• The brand of credit card
• The level of credit card
• Bank phone number

For a bin checker to be considered ideal for checking bank identification number, it should possess a structure which can be analyzed very easily. The ideal bin checkers feature very large databases, genuine and accurate records, frequent updates, and rapid bin lookup. If a bin checker is not able to deliver rapid lookups, then, it cannot be said to be a good bin checker.

When purchasing a bin checker, it is vital that you buy a bin checker which provides records that are accurate, genuine and accurate. You should avoid buying a bin checker which lacks automatic lists.