Bank Identification Number Search

Credit cards are identified by a set of numbers which have a particular structure

the helps to ensure that these numbers can make use of a common scheme for numbering credit cards. Credit card numbers are also instances of an ISO 7812 bank card number. All this information is pertinent to those who wish to perform a Bank identification number search.

Major Industry Identifier

An ISO 7812 number is made up of a Major Industry Identifier (MII) and first six digits from the IIN or Issuer Identification Number. In addition, it also uses a number to identify the account and there is a digit that uses the Luhn algorithm to compute the check sum. The IIN or BIN includes the MII.

Learn about the prefix numbers

Before conducting a Bank identification number search, it is important to understand a bit about how the prefix numbers used in a Bank identification number search to identify a credit card help in determining the network to which the credit card belongs. There are six digits that represent the first digits of the credit card number and these are variously referred to as IIN or BIN. BIN is nothing but the Bank Identification Number and it helps in identifying the issuer of the card when a Bank identification number search is performed.

Various card types

This information is required when performing a Bank identification number search. The remaining credit card numbers are used by the issuer for their own reasons and so may not be so relevant when performing a bank identification number search. It is possible to use the BIN or IIN numbers to perform Bank identification number search on various card types including credit, debit, charge, stored-value and even Electronic Benefit Transfer cards.

If you are an online vendor, then you may want to use a Bank identification number search to help you validate a transaction. Performing a bank identification number search is necessary because the credit card may have a BIN that refers to a bank in a particular country while the customer may have a billing address in another country.

Each card has its prefix which is derived from the first six digits of the credit card number. These digits are unique for each different kind of credit card. In fact, before performing a Bank identification number search, you need to also understand that some credit cards have different prefixes and the length of the credit card number can also be different.

Lately, MasterCard has teamed up with Diner's Club and entered into an alliance. So, there is commonality in the numbers used to identify these cards. When making a Bank identification number search, you will find that cards related to MasterCard or Diner's Club that were issued in either the US o or Canada start with 55 or 54 and are considered to be MasterCard throughout the world.

Now, Discover is also going to use a different prefix and the same is the case with China Union Pay cards which can be treated like Discover cards which will be accepted throughout the network used by Network. When using a bank identification number search, you should keep these points in mind.

All that it really means is that Bank identification number search should be performed after keeping all these facts in mind. The more attention that you pay to these factors, the more effective your Bank identification number search is going to be.

by: Gen Wright

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