subject: How To Capture Fraud With The Bin American Express Services [print this page] A growing trend throughout the major card brands is fraudulent activity. Not only is credit card and identity theft a problem, but the generation of completely false numbers which can pass as true account numbers with processing services. The main objective for businesses that decide to accept electronic payments from the American Express wielding consumer base is to fortify the brand by using a bin American Express checker. The bin American Express services are useful for validation simply because the frequency of sales using American Express have started to climb.
How to Validate Bin American Express Numbers
The validation of bin American Express numbers is simple to carry out. By using the bin located on the first six digits of the card number entered into the system, any business can look up the status of specific banks. If the query for the number from the bin American Express was issued is invalid, then the card is also invalid. The most common invalid response for the bin American Express issuance is the fact that the bin number for that bank never existed. Since the path taken to produce the fake number to perform fraud is greater with fraudsters using invalid bin American Express numbers is raising, there can be an expectance of rising prices from businesses being affected. By avoiding these downfalls due to fraud, your business can excel and pick up the business that other companies are losing while remaining protected.
The appropriate use of a bin American Express service is simple to comprehend. Any time there is a very large order, or any type of strange activity such as sending several large products overseas or to a single residential area, then there is suspicion that fraud may be in order. Of course paying for full access to the bin American Express services online will allow you to have unlimited access towards bin American Express checking. This will provide a simple method with expanded services to compare the billing address to the shipping address as well as other contact information. If a purchase seems too over the top, yet validation through the bin American Express service was allowed, then the need to make sure with the consumer that they actually placed the order.
By putting so much attention to detail, businesses can easily prevent unwanted consequences from individuals who perform chargebacks on unauthorized charges made to their accounts. With the proper control of the fraud situation by using the bin American Express cards are issued, you can easily prevent further fraud from occurring. Your business can be the option that consumers enjoy working with because you choose to use advanced screening techniques such as the bin American Express numbers which are protecting their best interests while covering your own expenses as well. The simple truth is that using a bin American Express service will generally be grouped with any other type of bin service required by competing brands. You can easily cover all of the bases when you gain access to the bin list system.
