Tracking Down Credit Cards Through The Credit Card Bin Database

The credit card bin check software makes use of a credit card bin database in verifying the identity of a credit card presenter

. The credit card bin database contains all the necessary information about the actual credit card holder, including his name, account type and many others. With the help of this credit card bin database, banking institutions are easily able to track down the cardholder and confirm whether an individual presenting his credit card over the counter is the real owner of the credit card that he is presenting. The credit card bin database serves as the primary identification resource of the credit card bin check software that most institutions and businesses use today in protecting their assets.

What is the Use of the Credit Card Bin Database?

Every credit card listed in the credit card bin database has magnetic strips or chips that determine their uniqueness from the others. Aside from these chips and magnetic strips, what makes a certain credit card different from the rest of its kind is its bank identification number, more commonly known as BIN. The BIN, characterized by the first six digits of the card of every credit card, is listed in the credit card din database. The BIN contained by every credit card allows banking institutions to track and identify each of the credit cards that circulate in the market as they are all listed in the credit card bin database. Through the credit card bin database, an individual is able to evaluate the veracity of a certain transaction based on the updated data incorporated in the system, which contains all the most accurate and up to the minute information about every credit card and its holder.

How Do Business Entities Ensure that their Credit Card Bin Database is Updated?

Companies involved in credit cards and run their own credit card bin database keep themselves updated with the latest figures so as to give their customers the assurance that they will never fall victims of digital fraud, which is one of the most prevalent troubles that credit card holders encounter nowadays. These companies ensure that their credit card bin database is advanced and accurate so that it would be able to keep up with the transactions that credit card holders make every day. The updated credit card bin database allows businesses and banking institutions to determine whether an individual presenting a credit card over the counter is the issued card holder card or just another predator seeking to prey on the real credit card holder. The use of the credit card bin database is more recognizable today, at a time whenindividuals already excel in counterfeiting even online payment transactions.

What are the Special Features of Credit Card Bin Database?

The type of credit card bin database that most businesses use today has BIN-to-Brand, BIN-to-Bank, BIN-to IP API Validation, and XML API features that ensures they have all the necessary points of access in tracking down the credit cards of their clients. The most updated type of credit card bin database now has a BIN-to-Country feature which allows businesses to trace the origin of each credit card.

by: Gen Wright

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