The Unique Security Features Of Bin American Express Credit Cards

Bin American Express or BIN Amex is a type of credit card that is known to have one of the best security features

. Nowadays, frauds in credit card transactions remain one of the threats to credit card holders as well as to those who plan to have a credit card of their own. With the marketing of the Bin American Express credit card today, however, credit card holders are sure to have secured transactions with their credit cards. Because of the upgraded Bin American Express, there is an assurance that the 15-digit number inscribed in the credit card allows transactions made by the issued card holder alone and no one else.

How Bin American Express Prevents Frauds

The first six digits of the Bin American Express found in the 15-digit bin of this credit card brand signify all the information that are of high importance in identifying and verifying the identity both of the credit card and the credit card holder. Just like the six-digit codes found in other credit card types, the one that can be found in Bin American Express also suggests both the credit card network that will be used by the credit card holder as well as the individual banking institution that issued the card to the card holder. Just by looking through the Bin American Express, a bank or any business entity presented with the credit card may be able to automatically identify whether the one presenting the card is the one authorized by the issuer of the credit card.

How Bin American Express Serves as a Proof of Identity

Bin American Express credit cards follow an identification system that is unique from other credit card types. This system used by the Bin American Express allows instant identification of the credit card, the individual presenting it as well as the bank where the card is a member. Banking institutions find it easy to identify whether the individual presenting this credit card brand is authorized or not just by looking at the Bin American Express inscribed on the card, which is why this 15-digit number is known to serve as a proof of identity. For instance, the first four numbers of the Bin American Express refer to the code of the country where the credit card was issued, the code of the currency in that country as well as the type of the credit card. For the credit card types, the Bin American Express may identify whether the Amex card is used as a prepaid, charge or credit card. The fifth and sixth digits signify whether the card is gold or platinum, which are the two other known classifications of the Bin American Express. The rest of the digits represent the account number of the credit card holder, the date the card was issued and the account under which the issuance was made.

What Assurance Bin American Express Card Holders Get from the Issuing Bank

Holders of BIN American Express credit cards are sure not to experience any fraudulent activity or scam commonly experienced by credit card holders today. All banking systems issuing this card type constantly upgrade their BIN American Express monitoring systems so that all card holders will have safe transactions wherever they are in the world.

by: Gen Wright

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