subject: Bank Bin Number [print this page] If you are trying to find the best BIN database then it makes sense for you to choose one that is populated with hundreds and thousands of bank bin numbers. A bank bin number is created and then stored in a BIN database. Once the BIN database has been filled with a bank bin number it can then help an online merchant learn about the authenticity of the credit card that a customer is using.
Accuracy and completeness are required
It is not just about storing the bank bin number into a large BIN database but there are other issues involved as well. Care must be taken to ensure that not only the bank bin number is stored in a BIN database but the information recorded must be very accurate and in addition, the database needs to be updated on a daily basis as well.
Perform a test run
It makes sense to test out various BIN databases to ensure that it has the best means of recording the bank bin number. For that, you should first try out an online demonstration about the bank bin number and see how well the BIN database works.
Find relevant information
With a bank bin number, it is possible for a merchant to find out information related to the credit card related to things such as the bank that issued the credit card. In addition, use of the bank bin number will also help a merchant learn about the type of funding being used. The funding options include those such as debit or credit or even a prepaid card.
With a unique bank bin number, it is also possible to find out the sub-type of the card which includes those such as Business, Classic and MasterCard as well as Visa. The bank bin number is also useful for those who want to validate credit card brands. These brands include American Express and MasterCard as well as Visa.
A bank bin number can also help the merchant learn about information related to the Bank Identification Number or BIN. The information returned by entering a particular bank bin number includes city and phone number as well as website and more. There is also other information that is available to those who enter the correct bank bin number into the correct BIN database.
This information includes details about JCB, Discover, Diners, Maestro, Switch and Solo. It is important that you also check that you are entering the bank bin number into a correct BIN database. This database must contain all information related to a particular type of credit card and it should also have an accuracy level of about 100 percent. In addition, the database needs to be updated on a daily basis to ensure that when you enter a bank bin number that it will be able to provide you with a match.
A BIN database that is not complete, accurate or updated daily seldom provides any useful information and so is not worth trying out. The best way to obtain benefits from using a bank bin number is by entering it into a suitable BIN database, especially one that requires a subscription fee.
