subject: Cc Bin Numbers History And Use [print this page] Before going into the details of CC Bin, it is imperative to know what it stands for. The full form of CC bin is Credit card bin number. Many big banks realized that cash is not always the most convenient way of money transaction; therefore to assist the customers better they introduced the concept of plastic money, wherein you can make purchases using the credit cards and make the money later in installments. To make sure that credit cards were safe and exclusive for the consumers who were using it, every credit card issuer devised their secret codes or CC Bin numbers. These unique codes are different for different cards and are of 14-16 digits, the first four digits of these numbers in the most vital and important codes and they are also know as CC Bin numbers.
Purpose of CC Bin
CC Bin number holds a significant detail about the cardholder. It can provide the authority all the important details that may help them in preventing the wrong doing on that card. These 4 digits CC Bin holds the entire credit history of the customer and issuing bank. CC Bin number is always used for any online or credit card transaction, if you want to purchase anything from anywhere in the world you need to have the credit card to make an online payment, and to make sure that the transaction happens in righteous way you have to provide the CC Bin number. Also in the case of any fraud the only number you need to give to the investigating officials is the CC Bin number and in case the card gets stolen and customer wants to stop all the transaction or the purchase on that card, he/she just need to provide the valuable CC Bin to look up at details and take the necessary actions.
Uniqueness of CC Bin
Every bank has their own unique CC Bin, which is very important as well and they some uniqueness or a key with which those CC Bin can be recognized is just one look. Like for example: the first digit of the CC Bin is always an indicator of the category, '1' is for airlines, '4' for Banking, '7' for petroleum and extra. All these CC Bin numbers are kept in such a way that the information is always processed correctly and the transaction is always hassle free.
Essentialities of CC Bin
These unique CC Bin also acts the security codes, all your important card information is secretly and effectively stored in them and when the need arise, using various search methods like Credit Card bin look up, this information can be brought out and studied to safeguard the victim against a possible act of fraud. Also your CC Bin is only your CC Bin no one else can access it or use it if you are careful with its use. All the brands and markets in the word are limited to the size of your computer screen form where you can do all the purchases in a legal, trusted and comfortable manner and all these transactions are possible because of the unique CC Bin.
