Utilizing The Bin Ranges For Fraud Detection

If you are a successful Webmaster, then you would more often than not encounter a lot of fraud credit card transactions

. In order for you to successfully avoid getting a huge amount of chargeback on your payment processor, always make it a point to get bin ranges for a variety of credit cards. They should always be a bin range checker, which would make sure that the credit card information which is inserted in the purchase account of the product is from a legitimate owner, and with this important feature, you can easily avoid getting chargebacks and fraudulent transactions.

In order for you to successfully verify a huge amount of credit card transaction that may take place in your website, you must have the required database to do so. You should procure bin ranges for amex, bin ranges for visa, bin ranges for MasterCard, bin ranges for diners club among a lot of other things. If you manage to get a huge amount of bin ranges numbers, only then would you consider yourself secured enough against any potential hacking attempt. Credit card frauds have always been scouting for websites that provide products, without the essential security which is needed to verify if the credit card is legitimate or not. They already have the position of stolen credit card details, which they then use on the website, and then do away with the product. It is only after some time that when the bank would detect such fraudulent transactions, would they issue of chargeback from the website owner. So as to prevent yourself from getting into such a situation, always make it a point to have a huge bin ranges list, which would give you enough data with which you can prosecute the people who do fraudulent credit card transactions in your website.

A robust bin ranges database is needed at the earliest in order to ensure that you do not have to face any sort of trouble. Your bin ranges database should be updated monthly, and if you need to procure any subscription to do so, do it as soon as possible. Also make sure that each and every credit card transaction should initiate the bin ranges lookup, which would not only give you a very clear idea as to if any fraud credit card transactions are going on, but it can also clear you of making a mistake by rejecting the purchase immediately. A successful Webmaster would always find out ways in order to ensure that they can generate a lot of revenue, and such a matter of security concern would only ensure that the revenue which they would have otherwise earned by a lot of advertising and search engine marketing would be wasted and spent on paying up the financial institutions for such chargebacks. Hence, always take such precautionary steps in the beginning, or else you may have to regret the decision of not taking any after you have been subjected to such scams.

by: Gen Wright

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