Why A Bin Look Up Is A Golden Opportunity To Eliminate Credit Card Fraud

Your business should be protected

Your business should be protected. You deserve to process electronic transactions with peace of mind. And a BIN number lookup is the perfect tool for protecting your business against more than just credit fraud.

But you can use the BIN number lookup credit card feature for more than just monitoring frequent charge-backs to a particular card. If your business becomes a victim of an identity theft scam, you can use the BIN lookup database to flag transactions and save your business thousands of dollars in administrative fees.

A BIN look up will give you access to a:

BIN lookup MasterCard service

Debit BIN lookup service (from banking institutions)

BIN lookup American Express service

BIN lookup by Visa service

BIN Look Up for Discover Card services

Furthermore, a BIN look up will prevent questionable transactions from falling through the cracks. There may be times when a consumer is unaware that their credit card has been stolen or is unaware that a bank account has been opened in their name.

Most of the time, the crook will leave the billing information the same and have the items shipped to a different address.

By performing a BIN lookup online you can flag these kinds of transactions right off the bat and ask for verification.

Granted there will be many legitimate transactions where the real card holder would prefer to have product shipped as a gift to different address. However, you can go the extra mile to see is this is indeed the case and decide if you want to go ahead and process the transaction.

A dependable, authentic BIN number tool should be able to identify actual bank names in addition to those card providers who use their own processors. This includes companies like Europay, PBS, Teller, and BCC.

BIN base databases pull their information from reputable merchants who regularly process credit card payments on the web. Furthermore, information also comes from all types of banking and financial institutions in different areas of the world.

Be sure to take time to use a demo version of any BIN checker tool you plan to use. This way you can get a create understanding of how it works and what features you need most for your business.

For security purposes, it's a rare occasion that you will be able to instantly download information for a BIN database.

While it's true that some providers offer online access, you will need to buy a license in order to use the database. After you have purchased either a universal or single license, you will have access to the files.

The kind of license you buy determines how much access you receive and what credit card details you will be able to use to figure out if a transaction is fraudulent. No matter what, it's impossible for your business not to benefit from a BIN look up.

by: Gen Wright

POST COMMENT

Installment Loans For Bad Credit- Made For Bad Creditors! Fast Payday Loans- Check Credit Problems With This Loan! Credit Card Bin Checker Wins Hands Down Credit Card Bin Look Up Bends Over Backwards To Combat Fraud Cash Loans With Bad Credit History: Secure The Needed Bucks Quickly Unsecured Loans For Bad Credit Synopsis Statement Of Your Option Installment Loans Bad Credit - Easy Approved Short Term Funds Bad Credit Loans- Avail Quick Cash; Forget Faxing Documents Bad Credit Payday Loans: Cash Still Lower Credit Score No Credit Check Loans- Makes Your Life Happier Be Aware The So Called Free Annual Credit Report Might Not Always Be Absolutely Free Used Car Loan For Thin Credit Get Instant Cash When You Need It With A Bad Credit Payday Loan