Use the Bank Identification Number Lookup Facility And Make an Informed Decision

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Business people and customers worldwide successfully use modern payment systems through online. They take advantage of regular improvements in the deposit and withdrawal facilities from the comfort of their place at any time. However, they get much complexity with the outdated procedure to identify and verify the Bank Identification Number known as BIN.  They can explore the latest bank identification number lookup service in detail and become skilled at how to verify the bank identification number. They save both time and money when they contact the trustworthy website designed for supporting every user to verify the bank identification number.

The most modern BIN checker

Daily updates of the online bank identification look up modules encourage many individuals to use this smart method and get the best assistance. Genuine entries in the resource on online used for checking the bank identification number give you enough confidence to use this facility.  Do not forget that every BIN is supplied with the entire and accurate details.  You can pay attention to the best features of the BIN checking tool on online and make certain about how to take advantage of fully functional nature of this software.

There are different methods used to prevent fraudulent transactions. On the other hand, Bank Identification Number checker is designed to check BIN and ensure about the safety aspects of every transaction. The foremost attractions of this software on online are as follows.

  • Easy to parse structure
  • Huge database
  • Daily updates of the BIN list
  • Genuine and accurate records
  • Additional details
  • Simple, safe and quick BIN lookup

All users of the most outstanding platform for the bank identification number lookup get enough guidance and recommend this facility to others in their network. They understand and remember that BIN follows a suitable BIN format. There is no space between six numbers in the BIN. All characters in the BIN are numbers. The BIN checker tool is updated by a qualified team on a regular basis.  As a result, every user of this tool can confidently use it as per their requirements.

Access and use the BIN checking tool on online

You may think that any website designed for checking the BIN can provide accurate details. You have to bear in mind that such website provides facilities for checking the BIN and informational purpose only. You can get in touch with the relevant bank and conform the bank account details. This is worthwhile to contact the bank whenever you get ready for making a significant payment.

As the part of the ISO / IEC 7812, Issuer Identification Number (IIN) otherwise known as Bank Identification Number is the first six digits in the payment card number or bank card number. This number is used in the debit and credit cards, gift cards, stored-value cards and other similar cards. BIN is used to find out the card brand, bank and country of issuance, card genre and category of cards. BIN details are vital in the commercial business to avoid fraudulent activities especially in the store on online.

Detailed Information About Bank Identification Number Checker

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Bin is widely used by merchants to checkmate credit fraud and it is useful to decide whether buyer is real buyer or actual owner of the card. In this modern world, different kinds of the bin checker softwares are available and you must pick best one based on the review. Each bin checker is database which might contain bin records and plastic card is being issued on the regular basis by issuers to new clients. Bank identification number checker is offering extensive ranges of the benefits to people such as

  • Daily update
  • Security and privacy
  • Quick validation time
  • Convenience
  • Straightforward

Top rated reasons to use bank identification number checker

Good BIN checker is also called issuer identification number checker and it is simple, easy to use and straightforward. Now a day, privacy and security is taken in many jurisdictions. Bin refers to the first six digit of the credit, gift card or debit. If you are choosing best service provider then you can get massive numbers of the benefits. Comprehensive bin list is receiving updates on the regular basis. Static bin list could be useful to small period. The best bin checker must match speed of the card payment. Violation of the privacy and security might result in the serious court cases and claims. Excellent software can provide information about card brand, card type and country. New bank could be established on the regular basis and if you are purchasing best software then you can get tons of the advantage. Bin checker database might not same when it comes to the ease of use. Some of the softwares are user friendly rather than others. Database of the each bin checker software is unique and it programmes with the huge database which might contain thousands of the records of different cards. If you are choosing best checker then you can get excellent numbers of the advantages like validation, verification and privacy. Plastic card is not only issued by the banks but also it is issued by institutions from different kinds of the industries like travel and airlines. Now a day, online is fully filled with vast numbers of the bin checker so you can pick best one as per your wish. It tells you brand of the card which you are using. Suppose you are using best bin checker then it might information about name of issuer.

Everything to know about bin checker

One of the main reasons to use bin check software is that it can provide regular updates. Most of the bin lookup service might not provide accurate results so you must carefully pick best software. Make sure that software is offering accurate information. Good software must provide 90% to 100% accuracy. You are recommended to read reviews in online and choose perfect one which is not providing you problem. The best ways to control credit card fraud is that using bin checker. If you are not careful with it then credit card fraudster might steal your money.

Benefits of Bank Identification Number Checker

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Bank identification number will appear on the credit card and it is s process of matching transaction to issuer of charge card. This kind of the numbering system might apply to the gift cards, charge cards, prepaid cards, debit cards and electronic benefit cards. It is numbering system which is developed by International organization for standardization and American national standards institute in order to identify institutions which issue bank cards. The number between check digit and bank identification number is customer account number.

Importance of the bank identification number checker

Bank identification number is unique number which could be used to search bin database for checking credit card information which might prevent online credit card fraud. Basically bank identification number checker or cc checker is using bin database which might offer following information such as

  • Country where credit card was issued
  • Name of company who issue credit card
  • Credit card level
  • Credit card brand
  • Bank phone number

Good bin checker database must have structure which is easy to be parsed or analyzed. The best bin checker comes with excellent numbers of the features like structure which is easy parsed, large database, daily update, fast bin lookup, accurate and genuine records. With large database, bin list might contain thousands of the records. Good bin checker database must deliver fast and quick lookup. Purchase bin checker which is providing reliable, genuine and accurate records. You must not purchase bin checker which is not having automatic lists or generate bin check list. This kind of the software can display name of the bank and country to specific bank identification number. Bin checker is software which is especially built to check or verify information contained by the bin of plastic card. Using bin lookup is really useful to avoid being slammed with the chargeback or avoid online. With the help of bin checker, you might be able to find out the details regarding issuer of card like type of card, location and address. Each plastic card is identified by the group of number which is also known as primary account number. Bin is main part of primary account number which may contain information about issuer of card. Plastic card is issued by number of the industries like banking industry, airline and travel.

Everything to know about bank identification number checker

Bin checker tool is especially designed to check existence of the bin based on the updated database. Most of the studies report that there are more than 300000 unique bin at database. If you are choosing best checker then you can get massive numbers of the benefits like database samples, card type, verify card details and level. It is extremely powerful tool and you might find out more cards. You must know about difference between credit and debit card which is vital component in the risk assessment. The best check can offer complete and comprehensive database of the bank identification number.

Importance Of Bank Identification Number Or BIN

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BIN is a bank identification number that is very helpful for identifying the issuer of the credit cards. All merchants and the customers who are using the credit card should have enough knowledge about the BIN. It is the first sequence in the credit card number or first 6 digits and it is also known as the issuer identification number (IIN). It is the most general term and it is actually a result of an increasing number of the non-bank institutions who choose into the BIN network.

Know more about BIN:

  • The first 6 digit which are bank identification number is very common to all the card holders for the identification of the institution or bank. Approximately, there are 12 more digits on your credit card which is an individual account identifier for everyone.
  • When considering the numbering combinations available with those twelve digits, it is highly possible for each and every issuer or bank to have over the trillions of various account numbers of their credit card holders.
  • In the year 2015, there was a discussion related to the length of the bank identification numbers. Then, the experts are considering extending this BIN from 6 digits to 8 digits or introducing the alpha numeric system.
  • BIN is also known as MII or IIN numbers which help the merchants analyze and also consider their payment or credit card transactions.
  • If you would like to get more details on how beneficial using such 6 digits of numbers for your purchase, it is highly essential contacting the experts today.
  • There are so many numbers of online platforms available to help you exploring the various reporting and also the profit optimization techniques.

Benefits of using BIN:

The BIN or bank identification number in fact works to protect both the consumers and merchants when it comes to the web based marketplace. Every debit or credit card usually contains the BIN that is typically the first 4 to 6 numbers on the bank issued card. Such numbers easily identify the kind of card being used, which company or bank issued a card and also the geographic location of the card issuer. You can make an easy BIN search to know all info. Such kinds of credit or debit cards are not only used by the banking sectors but they are also issued by the several numbers of the private online money transaction institutions such as American Express, Walmart, Paypal and more.

Once you have completed the online purchase, you then have to go to the payment page and use it identifying your issuer and do the proper transaction online. If the card or account is valid, your purchased amount will be reduced from your bank or other payment account. Similarly, it is important to notice that you have to do all your purchases on within the existing limits on your card. Don’t exceed the limit and it will give you some consequences while making the payments on the web.

What You Need to Know About Bank Identification Number (BIN)?

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BIN means Bank Identification Number which is actually an initial 4 to 6 numbers appearing on your credit card. It uniquely identifies the banking institution which issues this card to you. The bank identification number is actually a key in a process of matching your transactions to the issuer of the credit or charge card. This unique numbering system also applies to the debit cards, charge cards, prepaid cards, gift cards and also the electronic benefit cards.

How BIN works?

Whenever you are considering BIN, it is in fact the numbering system developed by the ISO (International Organization for Standardization) and also American National Standards Institute in order to identify the banking sectors or institutions which issue the bank cards. In the BIN, the first digit specifies the MII which is also known as Major Industry Identifier such as banking or travel, airline and the next 5 digits specify the issuing bank or institution. This bank identification number helps a vendor for quickly finding which bank will be going to transfer the money, phone number and the address of the bank.

If the issuing bank or institution is in the same country for the transactions, it verifies the address details given by the customers. This number also allows vendors to accept the different forms of the payments and faster transaction processing. If the customer who holds the credit card makes an online purchase, the customer usually enters his or her card details on the existing payment page. After submitting the first 4 to 6 digits of the card number, the web based retailer shop will detect which bank or institution issued the particular customer card, the card level, the card brand, the issuing bank country and also a type of card.

Authorization regarding the bank identification number:

  • When considering the bank identification number, it in fact identifies which issuer gets the authorization request for the safe and quick transactions in order to verify when the account or card is valid and also whether the purchase amount is existing on the card.
  • It is actually the most important process which results in the charge being either denied or approved.
  • If anyone uses the card during your purchase, the system scans the BIN and finds a particular issuing bank or institution which withdraws the money.
  • An approval request is placed on the account of the customer. Similarly, the request is authorized within just a few seconds and then the transaction is approved.
  • The credit card processing system would actually be unable to decide the origin of the funds of the customers and it can’t be done to complete the transaction without the bank identification number (BINs pro).

For all your purchases using the credit cards, BIN is very important to find the right bank or institution for the easy and quick money transactions. Each and every credit card user should have to know the first 6 digits of your bank identification number for all transactions in the different shops or online stores.

BIN Checker: What Information Does It Contain?

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As implicit from the name, BIN checker is software built to verify or check the information contained by a BIN of plastic card for the purposes of matching them with the information provided by consumers when they make payment with their credit cards. Indeed, a BIN contains useful information about the issuer of a card that it can be dubbed the DNA of a card. Before providing you with an insight into the information contained by a BIN, it will be good for me to first explain briefly what a BIN is all about.

A BIN is an acronym for bank identification number. It is a term developed by the International Organisation for Standard in collaboration with the American National Standards Institute. It is also called issuer identification number abbreviated as IIN. The number refers to the first 6 digits of a plastic card number known as primary account number. The BINs of some brands of plastic cards contain only four digits. Regardless of the number of digits contained in a BIN, they all serve the same purpose and record the same information. Primarily, the BIN records information about the issuer of a card and not about the owner of the card.

The information contained in a BIN

  • Major Industry Identifier

Plastic cards today are not issued by banks alone. There are cards issued by institutions from different industries such as airlines, travel and banking industries. The BIN tells you the industry the issuer of your card belongs to. It is the first digit of the card that provides you with this information.

  • Card Brand

As already hinted above, plastic cards are today issued by different institutions from different industries. So, we have different brands of cards. The popular ones are MasterCard, Visa, Discover, American Express and others. The BIN tells you the brand of card you are using. For example, if you hold a plastic card whose BIN number starts with 4, it is a Visa card but if it starts with 5, it is a MasterCard.

  • The Issuer of the card

If you are using a very good BIN checker, it should tell you the name of the issuer of your card, that is, the particular bank or business that issues your card.

  • Card’s Type

There are different kinds of plastic cards that can be issued by plastic card issuing institutions. They include debit, credit, prepaid, gift cards and others. Payment can be made with each of them depending on what is accepted by the buyer. A BIN checker will tell you the type of card used by a consumer.

  • Category of card

Each brand of card has different categories of card for consumers to choose from and each category has different packages. For example, MasterCard has various categories of card including standard, gold, titanium, platinum, world and world elite. Each of them comes with different package and gives different benefits even though they belong to the same brand. A BIN checker will tell a merchant the category of card used by a consumer.

  • Country of issue

The number for the issuing country appears as the ISO number. It is normally a three-digit number that stands for the issuing country.

  • The URL of the issuing organisation
  • The phone

Note that not every BINdb contain all these pieces of information. How comprehensive the information contained is depends on the BIN lookup service you are using.

Bank Identification Number For Guiding Against Online Fraud

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The internet is an epoch-making and a gigantic invention that has changed the way we do things in the contemporary society. It could be regarded as the man-made virtual world. Today, almost all commercial and economic activities can be carried out through the internet. This explains why more and more businesses are going online and doing transactions through the internet. Though, there are eWallets through which goods and services bought online can be paid, plastic cards remain the most popular among them all. It can be used both for online and offline transaction. However, despite its popularity and wide use, it is also very risky to use it. Using it requires high level of diligence. If you are not careful with it, credit card fraudster can steal your money.

It is not only the card owners that are affected. Businesses are also affected in a number of ways. If a consumer complains that some amount was deducted from their card for transactions they did not authorize and you were the recipient of the money, in most cases, the law requires you to pay them back their money. This is what is called chargeback. So, it is necessary that you do everything possible to protect your business against credit card fraud. Efforts are being made to combat credit card fraud which is on the increase nowadays. One of the ways that you can control credit card fraud is by using a BIN checker. If you have not started using it or if you don’t know what’s it, keep reading to know more.

What is a BIN checker?

A BIN is an acronym for bank identification number. It refers to the first 6 digits of credit, debit or gift card as well as any other type of plastic card. It is also called issuer identification number because apart from banks, there are other institutions that issue plastic cards. With this number, you will be able to determine the issuer of a card, the brand of a card and location of the issuer. As implicit from the name, a BIN checker is software for checking the BIN of a card. The software contains a database of BINs. There are a number of such software programs todays with differing sizes of database and functionality.

How can a BIN checker be of help to you?

Using a BIN lookup can really help you to avoid online fraud or being slammed with a chargeback. Normally, consumers provide their billing address and card details when they make payment before transactions are approved and order sent. With a BIN checker, you will be able to find out details about the issuer of the card such as the location, the type of card and address. When you get this information, you match it with what a consumer provides. If it does not tally, there is a problem somewhere. You may decline the order or take stricter measures before authorizing the other. In this way, you will protect your business against a possible chargeback which can weaken your business financially if there are many of them.

An Insight Into BIN Checker

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Every plastic card is identified by a group of number called primary account number which is commonly referred to as the card number. The PAN comprises of different parts described by ISO/IEC 7812 which is a document of International Organisation for Standards. The PAN generally contains information about the card owner and issuer of the card. Each part of the card gives a unique type of information. The BIN is the part of the primary account number that contains information about the issuer of the card.

Overview of the BIN

The BIN of every card number consists of six digits (there are some brands and types of card that has four BIN). They are normally the first set of digits that appear on the primary account number. It is initially called bank identification number commonly known for its acronym BIN. But nowadays, plastic cards are not issued only by banks. There are other institutions like the American Express that issue plastic cards. Thus, some people prefer to call this part of the PAN Issuer Identification number (IIN). The two terms are now used interchangeably. The BIN does not only apply to credit cards. Other plastic cards such as debit, charge, prepaid, electronic benefit and gift cards also have BINs.

What records does the BIN contain?

As hinted above, the IIN is the part of the card that contains information about the issuer of a plastic card. Each issuer identification number tells you the name of the issuer, the location of the issuer, the brand and type of card you are using. For example, if a consumer is making paying for orders with a credit card, the merchant will be able to find out from the BIN of the number.

Plastic cards can be issued by a number of industries including airline, travel and banking industry. The number that specifies the industry that issues a card is called the Major Industry Identifier (MII). It is usually the first digit of a IIN. For example, the first digit of all MasterCard’s BINs is 5 while those of a Visa is 4 indicating that they are issued by different industries. The remaining five digits (three digits) of a BIN contains records about the issuer as well as the brand of card you are using.

How does the BIN work?

Developed by the International Organisation for Standardization in collaboration with the American National Standards, the BIN helps businesses to find out the bank the money paid to them is being taken out from. They are also able to find out the phone number and address of the bank. Having this information helps merchants to control credit fraud. The merchant will match the information provided by the consumer and the one contained in the BIN. If the card is used from a location and address different from what is contained in the BIN, there may be some issues with the transaction. The BIN also verifies if the amount of the money in the card is up to the selling price of the item being paid for. This process is very quick.

BIN Checker

BIN checker is software that contains a database of BINs which helps merchants to obtain the detailed information contained by BINs of plastic cards used to make payments by their customers for the purposes of matching them and spotting out inconsistency which signal fraud.

The Benefits of Using BIN Base

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Are you running an online business or do you receive payment with credit cards? If the answer to this question is yes, it is essential that you learn about BIN and start using it for order processing as it will give your business a lot of benefits especially helping you to prevent credit card fraud and to protect your business against chargeback. Based on statistics, the rate at which credit card fraud is increasing is quite alarming nowadays. The only reason why businesses and individuals are still using plastic card today is because using it is very comfortable and much easier than other methods for both the person making the payment and the person receiving it. Despites the numerous benefits obtained from the use of credit card, it is also risky. It can be stolen. There is also the possibility of credit card fraudsters getting credit details of your consumers and making purchases with their cards. This can affect your business as you will be slammed with chargeback. But you can save your business as well as your customers from credit card fraud by using BIN base lookup.

BIN list database is a type of software that searches and brings up the information contained by the BIN of a credit card so that merchant can match them with the information provided by their customers when they make payment. Here are the various benefits using such cards gives businesses.

  1. The first benefit you will get from the use of BIN is that it protects your business from paying chargeback. The law guiding chargeback for most card favors the customers. If unauthorized purchases are made in their name, they can file for a refund or chargeback which means that business will have to pay all the money illegally deducted. Such losses can result in the loss of huge and eventual collapse of company. With a BIN, you will be at alert and guide against such ugly occurrence.
  2. Using BIN List checker makes you more reliable before customers. Consumers will trust your business and come to you, if they know that you have the right tool to protect them against credit card fraud. On the contrary, no consumer will purchase things from business that offers little or no protection against credit card fraudster
  3. Using it is a veritable means of protecting your customers against credit card fraud. Nobody will have a peace of mind if their credit card is used without their authorization. If their credit cards details are protected and cannot be used by anybody, they will be comfortable making payment for their purchases with credit cards.
  4. Given the rate at which credit card fraud is increasing today, there is a need for everybody to join hand in uprooting the evil from the society. One of the ways you can contribute your quota in the fight against plastic card fraud is to make use of BIN list database. Credit card fraudsters will stop their evil if they cannot purchase anything with other people’s card details.

Features to Consider Purchasing a BIN List

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BIN List is in vogue. Many businesses are using  it to verify the authenticity of a consumer making payment with a credit/debit cards or some other types of plastic cards before confirming the order. BIN which is a short word for Bank Identification Number is also known as issuer identification number abbreviated as IIN. It is the first 6 digits of a plastic card’s number (the digits can be more or less than 6 in some brands and types of plastic card) which tells more about the issuer of the card. From the number, you can find the brand and type of card you are using, the issuer and their location. Merchants look up these pieces of information in order to match it with the information provided by a buyer to ensure that the owner of the card is using it. If a buyer provides information that contradicts what is on the card, then it is a sign that something is wrong. The software that contains database of different card BIN and their information has been built today and this is what is referred to as BIN list.

As normal with any software, BIN list is now available in different types with varying strength and quality. If you want to purchase or install a BIN list, it is essential that you look out for the best. There are a number of factors that you should take into consideration before you make your choice. Here are the factors to look into before opting for one.

Regular daily updates

Plastic card issuers are still making new cards for existing and new customers. Though, credit/debit cards are very popular today, not everybody has it. Besides, some people lose theirs and request for new ones. In other words, credit card companies are still getting requests for new card. It is therefore important to have a BIN database that updates itself on daily basis or as cards are issued. In this way, your BIN list will contain the BINs of newly issued cards.

The genuineness of the entries

Don’t just purchase any BIN database available on the market. A lot of BIN lists use computer-based algorithms to obtain the IIN list. Some of them may end up producing empty or blank entries. It is better to go for one that contains authenticate entries without generating any blank space.

Huge database

The BIN software programs available today are not of the same size. Some IIN list have more entries than others. It is good that you purchase one that has a long list of BIN in the database. If you have plenty of transactions to complete on daily basis, then you should have a BIN list with huge database.

Accuracy of Records

Another important factor to consider when deciding on which BIN list to download is the accuracy of the record of the BIN. This is very important and it has to do with the quality of software. A quality product is expected to have accurate records.

Other factor to consider are:

  • Ease-of-use
  • Simplicity
  • Fastness