subject: Bin Database Bin Search Deals Fatal Blow To Credit Card Fraud [print this page] Is now the time for you to get out of your own way and take advantage of a BIN database BIN search to stop crooks from stealing from your business? If you're like most merchant account holders, you may have been using tools that aren't effective in fighting credit card fraud.
However, now you have a chance to use a tool like the BIN database program to better manage your business. Sometimes referred to as an Issuer Identification Number (IIN), the BIN database bank identification numbers can give you a new awareness into consumer buying habits for your products and services.
In a BIN database search you will discover that it's the first six digits on every credit card, charge card, debit card, and even stored-value card you process that is most important. Key components you will learn about include the kind of card being used as well as the country of origin for the card.
As it turns out, you can use BIN database software to accurately trace each and every transaction back to its original source.
This tool will help you immeasurably when it comes to safeguarding your business against cards that have a sordid history of numerous charge-backs or have different shipping and billing addresses.
Granted, a BIN database BIN search may turn up legitimate charges when a customer has the intention of sending an item as a gift and provides an address for shipping that is different from the billing address.
In this instance, you can implement other measures to ensure that it is a true transaction and not a scammer at work.
Here's a sample of how the BIN database lookup is structured:
American Express (Amex) account holders have BIN numbers that begin with either 34 or 37
Prepaid card account holders and bank debit card account holders will have BIN numbers based on the card issuer such as Visa or MasterCard
Visa account holders have cards that begin with the number 4
Diners Club account holders have a BIN database listing with a prefixes beginning with either 36 or 38
MasterCard account holders have bank identification numbers that start with 51-55
Discover Card account holders have cards starting with 6011 or 65
Make no mistake about it, the BIN database BIN search is an ideal tool for any business...large or small, home-based or corporate. Everyone can benefit from BIN database credit card services.
On another note, as you are searching for a provider to perform your BIN database BIN search the two most important factors are accuracy and reliability.
Check the reputation of the BIN number provider and see how often their database is updated. Also, make sure the provider has completed their ISO certification.
The International Organization for Standardization (ISO) is a set of standards linked to quality management systems and created to help ensure organization meet customer needs.
