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 However, they get much complexity with the outdated procedure to identify and verify the Bank Identification Number known as BIN.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...
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...
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...
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...
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...
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...
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...
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...
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...
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...