What Features Are Included In A Card Bin Number Check?

To prevent instances of credit card fraud from affecting the merchant's account

, more and more business owners are resorting to Card bin number databases that can be used to verify the information of the account holder to reduce the instance of fraudulent charges being made through the credit card transactions for the business.

The fields that are included in the card bin number check include:

The bank identification number, or the first six digits that are located on the credit card, debit card or prepaid credit card - that are unique to the financial institution that has issued the card.

The brand of the card is included in the card bin number check and determines whether the credit card that has been issued has been issued from Visa, Mastercard or American Express. In addition to the brand of the credit card that has been issued, the organization of the place where the card has been issued is also included, as well as the type of credit card that has been issued. Throughout this database structure, the check will also include the category of the card and the issuing country of the card. In addition to the issuing country of the card, merchants will have access to the ISO code for the credit card and two other specific fields that are different through each of the database services that are available online.

The information that is available through these database structures can use the card bin number and other features to determine the validity of the card, reducing the instance of charge backs and other fraudulent activity that is becoming more and more common with credit card use.

Structured through a database, the merchant is able to use the program to reduce fraud by accessing the information based on the first six digits of the card, the bank identification number, and be provided with information that is going to reduce the instance of credit card fraud.

How much does it cost to access the card bin number databases?

Merchants have many options that are available to them when it comes to preventing credit card fraud using BIN number database systems. Free systems allow the merchant to search up to ten bank identification numbers daily, but have a limited amount of types of cards that are available through the system. For small business owners and other types of businesses that complete few credit card transactions, options are available to enable the business owner to pay per search that is completed. Lastly, merchants that operate large businesses and complete a large number of daily transactions using credit and debit cards can make use of systems that allow the merchant to confirm multiple daily transactions through a subscription service that is available monthly or annually, reducing the cost of the service - while ensuring that there is a high level of protection for the credit card transactions that are being completed for the business. Using these measures, merchants can learn the methods to reduce the instance of credit card fraud for their business.

by: Gen Wright

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