subject: Choosing A Bin Database System For Bin Amex Cards [print this page] American Express is some of the most common credit cards that are used in the United States and through other countries. Due to the increased popularity of the credit cards, there is a high level of fraud that is associated with the credit card accounts. Merchants that deal with credit cards on a regular basis should ensure that measures are taken to reduce the instance of credit card fraud that can affect the bottom line of the business.
Using a bin database system enables the business owner to reduce the instance of fraud by checking the bank identification number of the credit card, debit card or prepaid Mastercard. Using the information available through the database system, the merchant is able to determine the type of credit card, the issuing bank, the brand of the credit card and even the country where the credit card has been issued. This information is compared with the information presented when checking out to determine whether the credit card is a valid account - and can help to reduce the common types of credit card fraud that occur online and through local businesses completing transactions using credit cards.
When choosing the bin Amex database that is going to be used for the business, it's important to consider a variety of factors, including:
The Reputation of the Bin Amex Database System should be considered. Using the reviews that are available from other merchants, the business owner can determine whether the credit card bin Amex system is going to effectively cover the needs of the business owner and reduce the common types of credit card fraud that can affect the business. Search for reviews that offer relevant information and that outline the benefits of the database, compared with the services available from other companies.
While comparing the reviews of the Bin Amex database, it's important to look for repeating components of the review, whether good or bad. Chances are that the repeating elements that have been experienced by multiple customers using the database service are going to ring true of the services that are provided and therefore enable the customer to get a clear picture of the services.
Free vs. Paid Bin Amex Database Services
There are two types of database services that are available to merchants using the bank identification number to confirm the details of the credit card transactions that are taking place. Free services limit the customer to checking a certain number of bank identification numbers daily - and require the user to enter the information manually.
Paid services through the use of Bin Amex subscriptions enable the merchant to create automatic checkpoints through the credit card transactions that are being completed and are the best choice for businesses that are creating multiple credit card transactions daily, searching for a way to passively monitor the transactions and automatically confirm the details of the account, without having to manually enter the bank identification number.
Using the services that are available through bin databases, the merchant is able to increase the level of protection to reduce credit card fraud; protecting themselves as well as the customer.
