subject: Credit Card Bin Database Designed Specifically For Business Owners [print this page] There's more than meets the eye when selling products and services online. And regardless of what you are selling, something as dangerous as credit card fraud deserves your undivided attention.
Like most business owners, you want the best possible form of protection available on the market and the credit card BIN database will give you the security you need. The overall benefit and value of a credit card BIN # cannot be underestimated - not by a long-shot.
By investing in a credit card BIN database download you are setting the stage for a dynamic partnership where credit card fraud will be a thing of the past. Simply performing a credit card BIN search can be one of the most rewarding tools you'll ever invest in.
You will find that charge-backs are barely an issue as you catch fraudulent transactions before they are processed. When you access the credit card BIN database you will get the details and information required to make wise business decisions when faced with questionable transactions.
Let's switch gears here for a minute. The credit card BIN database holds all types of banks debit cards, credit cards, prepaid cards, charge cards, merchandising cards and even fuel cards. So, the moment you process the card, you will focus your attention on the first six digits which are considered the credit card BIN number.
The BIN or Bank Identification Number holds the key to getting rid of instances of credit card fraud in your business. With each credit card BIN lookup you put yourself in the best position for catching scammers before any merchandise is shipped.
Although anyone can find out what's on the credit card BIN ranges list. However, what you will discover in the credit card BIN database is not information the general public is allowed access to. It's strictly for the use of business owners who want a better way to protect their bottom line.
Credit card BIN software provides you with a great deal of information including the name of the bank that has issued the card, specific cardholder information and details about recent charge-backs. And that's just the beginning.
There are times when you will find the numbers in the credit card BIN database called IIN numbers or Issuer Identification Numbers. All issuers are required to notify the American National Standards Institute (ANSI) when requesting a BIN.
They must fill out the appropriate form, and send in the right fee. A card issuer is only allowed one number and that number can only be used to identify the card issuer.
Also, each credit card and debit card used in banking transactions incorporate the BIN onto the magnetic stripe on the back of the card.
Now, with all this in mind, it is easy to see how you can literally eliminate credit card fraud and make your business transactions as safe as possible.
