subject: Change Unproductive Habits With Bin Lookup Software [print this page] As soon as you use BIN lookup software to begin verifying electronic transactions online, you are fundamentally counteracting fraud, reducing charge-backs, and determining which sales are in fact legitimate sales.
A BIN lookup helps you to strike the perfect balance. You will discover how to easily protect your investments while at the same time avoiding being too strict and hard-and-fast in your rules for accepting credit cards.
In short, BIN lookup software is a clever and easy-to-use tool for any business to have on hand. It allows for you to have the unbridled power when it comes to fighting credit card fraud.
Consider a BIN look up as the missing link to minimizing administrative fees that are a result of charge-backs from consumers reporting stolen or lost credit cards.
Your company's risk management team can easily use the BIN lookup table to track fraudulent transactions and at a glance compare a credit card's billing information to its shipping information.
For example, you can perform a BIN lookup American Express based and see pertinent details about the card and the card holder.
As you probably already know, BIN lookup issuer red flags goes up when a shipping address and billing address do not match. This is especially true when the shipping address is in one country and billing address is in another.
Needless to say, using a BIN database where the provider has taken the time to complete all the records is vital to defending your business against credit card fraud.
When you are searching for a reliable provider, make sure the BIN lookup software provides you with all the details.
For starters, you will need to know the credit card brand, the financial instution who bears the responsible for issuing the card, the card type and category, and the name of the country that has issued the card.
Something else you might find interesting is that BIN lookup software can help you to track certain patterns of online fraud.
Here's a good example - there are specific countries that are known for being more susceptible to fraudulent transactions. Use a BIN lookup online to flag any order that is requesting to be shipped to areas with high instances of fraud.
So instead of wishful thinking, you can take advantage of the research that goes into creating the BIN database and literally find out everything about the card the buyer is using to purchase your products and services.
An updated list can be like a diamond in the rough. Because the web is constantly on the move and how people buy things online is always evolving, it's vital that you choose a database that is regularly updated.
All over the world BIN lookup software is becoming an important tool in the daily operations of businesses.
Thanks to this highly advanced system, you will have access to one of the most innovative tools on the market for beating credit card fraud, charge-backs and stop crooks from hurting your business.
