Understanding Official Bin Ranges For Credit Cards

When you look into BIN numbers, you'll notice that they each have a range

. This is basically the first 4 digits of your credit or debit card. The 2 digits on every type of card are unique. Below you'll find the most common ones to be aware of:

American Express - 34 and 37

Visa - 41-49

MasterCard - 50-55

The first 2 digits will always tell you what type of card you are dealing with. The digits after that tell you who the card issuer is. From this information, a company can question any transactions that are made if they don't match the details on the BIN ranges for credit cards database.

Using BIN Ranges for Credit Cards Lookup

There are two ways in which you can use BIN range for credit cards. Firstly you can enter the number manually. This is ideal if you won't be scanning every single transaction through the database. You'll find that this method is best suited to companies operating offline and small online businesses. If you run a large business or if you want to make life simpler, you should have a database installed which automatically checks for any potential problems.

The benefits for having an automatic system include the fact that you don't have to keep an eye on the system. It will tell you if there's a problem and from there you can choose to cancel the transaction or ask for additional information. If you use an online automated system then you can set it so that the database automatically cancels transactions that don't meet specified criteria.

You could set the system to only accept cards with certain BIN ranges for credit cards. So if you only accept MasterCard and not Visa, you can set it so that all Visa cards are denied. This can be very useful!

Thanks to internet shopping, fraudsters don't have to actually steal a person's card anymore. They can simply find the card details and then use them to make a purchase. It could be that a customer has shopped with an unsecure website and their details have leaked out. Or a hacker could have found the details on a victim's computer. However they got the details, they can then type them into their computer when they go to buy something.

Of course there's also the chance that they could type in the first six digits on the credit card to find out more about the victim. Some BIN ranges for credit cards allow you to see a telephone number and address of the consumer. This is why the official BIN database is kept hidden from the public. The database that merchants have access to has been compiled by companies and individuals. It provides you with most credit and debit card numbers but not all of them are on there.

Above all else, what you need to understand about BIN ranges for credit cards is that they can be extremely effective in fighting fraud. You don't have to pay a fortune to protect your business. You may even be able to benefit from one of many free demos that are available online.

by: Gen Wright

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