9 Best Helps That Bank Bin Database Can Provide
Do you want to know how bank bin database can help you
? Read on. If you bag bank debit cards or credit cards, then you must have seen sixteen digit numbers printed over the cards. First six numbers are called bank identification numbers. These first six numbers are termed as bank bin numbers as well, which are updated in databases. Bank bin database helps merchants to trace the identity of the bank and its user while the card is swiped.
Bank bin database keep merchants away from frauds
The database in which bank bin numbers are maintained are updated regularly. This updation of bank bin database help the merchants to get informed about the debit or credit card holders, which ultimately helps them to stay secure from any sort of debit or credit card related frauds.
Bank bin database helps in detecting the type of cards
This is very crucial for a merchant to know about the type of cards a customer has used, whether it is Debit card, Credit card, ATM or Cash card. Bank bin database help the merchants to know about the type of card after the card is swiped.
Bank bin database help tracing the bank from which the card is issued
Bank bin database helps tracing the bank from which the debit, credit or any other type of cards have been issued. When the debit, credit or any other type of cards is swiped, the bank identification number is traced, which further help the merchant to get information about the bank and the user of the card. This information helps the merchant to stay safe and secure from online fraudulent cases.
Bank bin database helps to validate the cards brand
Bank bin database help to validate the cards brand like whether it is Master card, Visa or American express. The subtype of the cards can also be detected with the help of bank bin database like whether it is classic, business or electron.
Bank bin database helps you to customize as per your business requirements
You can integrate the bin checker of your cards as per your business demands. Another very important task you can perform with bank bin database is blocking the banks you do not want to work with any more.
Bank bin database help you to lower online fraudulent transactions
To lower online fraudulent transactions, you can set restriction preferences on the merchants and the nations as per your need with bank bin database.
Bank bin database helps you to find out whether the user's bank is country based or international
Merchants need to pay different charges for using international cards. With the help of bank bin database, merchants can detect the origin of the card and can take further action according to the norms.
You can avoid the "fishy" transactions with the help of bank bin database
Whenever you are using bank bin database, you are keeping yourself away from online fraudulences and chargebacks. If you are getting indication of fraudulences then you can reject the transaction and if the transaction seems to be authentic then you can go ahead with it.
Bank bin database helps you to check out the status of the card
It is very necessary to check the card status during online transactions. Bank bin database helps you to check the card status during transaction. Regular updation of the database helps you to get details about the card and its holder.
by: Gen Wright
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