The Latest Weapon Of Anti Credit Card Fraud - Binchecker
Binchecker does a fantastic function to protect the international economy by finding out potential cases of credit card frauds
. Binchecker does this by matching the data entries in the bin database to the details provided by the customer either from his purchase order or shipping address etc. Any mismatch for any field will be considered as a discrepancy and warning issued. After verification, the merchant can then choose to allow or reject the transaction.
Binchecker has its own advantages above other tools to prevent credit card fraud.
Advantages of binchecker
A binchecker offers to protect the financial interests of the business and largely global economy. It prevents identity thefts and therefore offers support to genuine customers also. Since the databases and binchecker is absolutely legal, the merchant does not have to worry about national policies of personal data protection.
There are several free binchecker which does an efficient function of checking the credit card numbers. These are easy to use, accurate and reliable. A binchecker does the function of firewall in a system. Just as the firewall issues warnings against viruses, the binchecker warns against potential finance frauds and miscreants by pointing out the financial frauds.
The binchecker is easier to use compared to the conventional methods of checking, i.e. calling the bank and confirming. The verification can be done almost as instantaneous as possible as the swiping of the card. Most binchecker systems do the checking as and when the card is swiped. This prevents customer dissatisfaction and avoids unnecessary delay in verification of the credit card.
A free binchecker has several advantages. It doesn't cost you anything. Some are online so that all you need is a system with internet connection. The bin database associated with such binchecker tools are mostly updated by users. For example if a merchant happens to encounter a financial fraud, he can inform the card number to the bin database so that the details can be updated. In this manner those cases which are cleverly crafted to look genuine can be found and informed faster.
Licensed versions derive their data from the service providers directly. Hence the chance for data being more accurate is high. Some licensed versions claim to have almost 99% accuracy which is quite efficient.
Identity theft can be reduced much with secured binchecker systems. It also helps the customers to have more trust in the merchant so that the business growth remains in a positive scale.
Binchecker tools are compatible with system software and e-commerce platforms. Automatic filtering and automatic cancellation of transaction is possible with such flexibility. Besides the free binchecker which can be downloaded provide the developers a chance to modify the binchecker according to their requirement. Some licensed versions also offer such flexibility.
The csv format used in binchecker can be configured for export to other databases when needed. It also helps to protect the system from malicious malware and spyware. Most identity thefts are introduced with such malwares and binchecker results can signal the presence of such suspicious spyware when configured with antivirus software.