Have you thought about how credit card BIN numbers could help you to combat fraud
? Many companies have figured out the essential benefits of using credit card BIN numbers. By downloading BIN software, you could start to implement necessary changes to protect yourself against fraudulent transactions straight away. If you're wondering how then the information below should help.
Credit Card BIN Numbers
Every single credit card has a BIN number. It isn't something that is widely known, but when used correctly it can be a vital tool in fraud prevention.
Take a look at your own credit card. Can you see the long number across the middle? Look at the first six numbers and jot them down. This is your card's BIN number. It can be entered into a database or simply on a BIN number website and it will show various pieces of information relating to the card. You can try it yourself for free by visiting a free credit card BIN numbers checker site. If anything else, it will be interesting to see just what information is available about you and your card.
The Information You Can Find Out
The information that you can see after doing a credit card BIN numbers search will vary depending upon the database that you use. Typically you'll almost always see:
Country the card is registered to
The issuer
Type of card
Name of the owner
This is something that all good BIN databases will have. While this can often help you to determine whether or not to go through with the transaction, it doesn't always give you all of the information that you need.
Some advanced credit card BIN numbers lists will provide you with specific contact information. You will need to pay for these types of systems, but they can be worthwhile if you're running a busy, successful business. Wouldn't it be so much easier if you could actually contact the owner of the card if you felt there was a problem?
It is worth noting that many databases won't include contact information because of data protection laws.
Installing a BIN Database into Your Business
There are two main types of BIN number databases available to install in your business. The first is an automatic database and the second is a manual database. The one that you install should depend upon the following:
How busy your business is
How much money you have to spare
The ease of installation
Automatic credit card BIN numbers lists are sometimes hard to install. This is because they need you to run a script. There are many programs that provide you with easy to follow instructions. Make sure that you see how easy to use the programs are before you download or pay for them.
Overall credit card BIN numbers can help your business and they are fairly easy to find. Take a look at the different options available and see which one would best suit your needs.