Understanding Bank Bin Numbers And Their Role In Online Merchant Security

Online merchants are some of the most flexible people when it comes to selling something

. The main problem is that there is a greater risk of someone trying to rip off the merchant online by committing online sales fraud. The most important thing to remember is that any buyer can also be an enemy to an online merchant when it comes to fraud.

Bank Bin Numbers Are Security

The reason why Bank Bin Numbers exist is simple to understand. They were created as means to help improve the possibility of identifying and verifying specific card numbers out of the ocean of existing card numbers. Not only are the Bank Bin Numbers a special method of verifying the cards, they also improve quality of the processing services when it comes to valid card numbers.

When Bank Bin Numbers are fraudulent, they will not show up in any bin search service as valid. These are easy to spot once the search has been conducted and blacklisted so that they do not cause problems with sales and are prevented from making purchases in the future. The Bank Bin Numbers are really one of the best types of security because it will tell you if the card number really exists.

Understanding the Bank Bin Numbers Search Process

Whenever the Bank Bin Numbers are used to verify a card number used in making a purchase, the merchant will have access to the following information:

Numeric Code Identification - This is simply the verification that the number exists in the database. It will show up as the file for the results for any specific bank bin numbers. If one does not exist, the entire information field about the bin number will be invalid.

Associated Bank - This is the bank that the card is attached to. This can be used to identify the bank, the location and information about how to contact the bank. This is useful information when identifying a particular person as having an account with a specific bank. This can help to determine if the person actually has an account with the bank or the card issuer.

Card issuer - This is the company which has decided to open an account with the credit holder.

Card Brand - Bank Bin Numbers help to determine the brand of the card as well. This will usually be MasterCard, Visa, American Express and many others.

Card Type - This is information about the card which can tell the merchant simple things such as the card limit of the card. The card type is usually gold, platinum or other types of card to indicate how much value the card actually has in terms of a credit limit. This can help determine whether or not the buyer actually has enough in their account to make a purchase if it is a larger purchase. The Bank Bin Numbers will always have information about the card type.

Bank Bin Numbers provide this information to merchants so that they can make a decision on whether or not to permit the charge to go through. This reduces the possibility of chargebacks as well as fees associated with trying to run an invalid card number.

by: Gen Wright

POST COMMENT

Cyber Security And The Bank Bin Lookup Service Dr. Rondeau And Associates Lectures On Array Of Dental And Orthodontic Topics Select Heavyweight Paper Of Semigloss And Gloss Surface For Better Output Get Best Air Conditioning Installation Services To Maintain The Longevity And Efficiency Online Booking Of India Travel And Tour Packages Small Battle Between Metal And Mine Makeyour Centralfloridarealestate Searcheasy And Productive With Dbas Hightechnologydriven Servic Florida And Its Debt Settlement Coming Soon Mobile Phones: Latest Techno Gadgets Online Pros And Cons When Selecting Cabinet Doors Oracle Bi A Strategist That Reduces Complexity And Costs Of Creating And Deploying Apps Lock And Load, Hirt, Demeo, Miami Wmb, Sierra Edward, Hands Free, Suspension, Core Javill Byron [usa]bobbi Brown-natural And Exquisite