Bin List Database For Bin Verification

We are living in an e-world where the earth revolves around the internet and communication is synonymous with e-mails and twitters

. The extent of internet is in our daily activities, business transactions and decision making. A bin list database with accurate and complete records is therefore not a luxury but a necessity to business.

If the measures are not adequate the business is more likely to get heavy blows of financial malpractice. A safe online transaction is therefore more necessary for the entrepreneurs to today's world. The first four to six digits of the bank identification number can get the bin list database a high priority in the investment needs of business.

Contents of Bin list database

The bin list database a collection of bank identification numbers from various financial institutions issuing the cards. The bin numbers are usually the first six digits of the 16 numbers of the card. Along with the bin numbers the bin list database also have the details such as the country of origin, nature of card, type of card, bank details, website and contact details of bank etc. Some bin databases contain more records and details. The bin database with such intricate details allows a more definite and authentic search.

Searching the bin for credit card fraud

The bin list database is easy to search for any novice. Just enter the first six digits and press enter. The results may be partial or complete depending upon the database. The bin list database therefore should be accurate and updated not outdated. Obsolete and old records also need to be deleted promptly. In terms of cost effectiveness and ease of credit card verification there is nothing better as the bin list database.

Licensing of the bin list database

Licensing may be either simple for one time or limited. Some bin list databases are free. Free bin list database offer online search support with limited number of searches. Free updates and firewalls are preferred along with licensed versions. Licensed versions are purchasable from anywhere within the world and the download link is sent via e mail upon payment of the required cost. The users can then download and follow the instructions for further installation and use of bin list database.

Format and compatibility

Csv formatted files offer compatibility to other databases for ease of import and export. The format also allows the bin list database to be linked with antivirus and accounting software. Licensed versions sometimes allow for developing and introducing modifications to suit the needs of the business firm. Business firms can therefore make custom based changes in the bin list database to make the bin search more effective.

The bin list database can also be configured to accounting software which can regulate the payments. In case of suspicious transactions, the payment can be reversed and transaction may be cancelled. Such cases of cancellation of transactions can lead to reduction of charge backs which can hamper the business growth to a great extent.

by: Gen Wright

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