subject: How Effective Are Bank Bin Numbers? [print this page] Are you considering investing in bank BIN numbers? If so then it could really benefit your business. Maybe you've read somewhere that bank BIN numbers search can protect your business against fraud but you aren't really sure how? If you are looking for more information on BIN numbers and what they actually do then you have come to the right place.
Understanding Bank BIN Numbers
Bank BIN ranges basically give you information on the person who owns the card. The first six numbers on the card are used to tell you what type of card it is, the bank which issued the card and where the consumer lives. It sometimes offers a telephone number for the consumer as well as their post code/zip code.
It's worth noting that the first four digits on the card determine which type of card you have. Visa cards start with different numbers than MasterCard credit cards do. Some types of bank BIN database systems will only check certain types of cards. For example, not all of them will recognise American Express cards. If you want to accept this type of card then you'll need to make sure that you get bank BIN search software that allows this.
BIN numbers have been known to help combat fraudulent transactions. By investing in the right type of bank BIN software, you could potentially save your business a lot of money.
Choosing a Bank BIN Lookup
One thing that you'll notice when you do a search for bank BIN identification numbers is that there is quite a lot of different software out there. What you may be wondering is whether or not they are all the same. The simple answer to that is no. While they may contain a lot of the same numbers, there are some bank BIN databases that cater specifically to certain types of cards.
It's important to do your research when it comes to choosing a good BIN number list. Make sure that you choose one which has a good reputation. You might even like to read reviews on BIN software. That way you will get a good idea of which ones are recommended the most.
Look for one which covers as many different types of credit and debit cards as possible. Some may not even support debit cards, they may focus purely upon credit cards. So if you want to protect your business against both debit and credit card transactions, this is something that you will need to look out for on your search for the right software.
Always take your time to compare different types of bank BIN number databases. Never choose the first one that you see. It could make all of the difference if you compare at least three different types of BIN software. If you do invest in bank BIN numbers lists then you won't regret it. They are simple to use and very effective too. Protect your company and get one over on the fraudsters by installing BIN software today.
