subject: Bank Bin Numbers- Anti Fraud Solution [print this page] If you have a business of selling goods or services online, then your biggest concern would be to secure your business and protect it from frauds and scams online. As internet gives you a very attractive opportunity to earn online and potentially earn millions of dollars in a considerably short time than you could have imagined, it also presents you with a very big risk of online frauds. Online frauds are very common now and not something unusual these days. As much as online transactions are easy for people to buy goods and services and fulfill their needs and wants, it also makes it easy for fraudsters to conduct a fraud.
When you receive an order for your goods or services and the customer pays through a credit card, your biggest concern would be the authentication of the credit card and whether the card is genuine or not. Especially if you get a bulk order online, you would be concerned about the legitimacy of it. The last thing you would want is to find out if the credit card which was used to purchase from your store exist or not while you had already shipped out your goods. These cases are not rare since it is really easy for anyone to type in the credit card number and purchase something online. To protect yourself from these cases, it is very important to verify the credit cards used for purchasing before approving any order and shipping out the goods, with the bank bin numbers. Basically, it is a crucial step in every business which is on the route to success, and it is important for every business to have bank bin numbers database
Bank Bin Numbers for Credit Card Verification
For identification of credit cards, the easiest way is to get bank bin numbers database which consists of the database of all the bank bin numbers of credit cards issued by different companies and banks. Bank bin numbers are the first six digits of the credit card which are unique to each credit card. These bank bin numbers make it very easy to verify credit cards and to protect a business from frauds. These enforce security and are a must for every business.
Updating the Bank Bin Numbers Database
The bank bin numbers database is continuously updated after a certain period of time to make sure the bank bin numbers database is complete with recent additions. An automated system that facilitates your online store will check each credit card entry against the bank bin numbers data base and register in instant whether the card is legitimate or not. If in case you don't find any entry, you can easily ask for help to locate the card. If it is still not found, you can safely assume that it was a fraud.
Although there are free bank bin numbers databases available on the internet, it is still recommended to get the paid bank bin numbers since they are for your own security. The paid bank bin numbers get updates on a regular basis and include more accurate and more comprehensive details including the country, etc. The paid bank bin numbers database is the ultimate thing you should have for the security for your business.
