Validate Credit Cards Bin Number
Bank Identification Number (BIN) or Issuer Identification Number (IIN) is the six digit number on a bank card that gives details about the issuer of the card. It holds information about the bank, the country where the bank is located, card brand (such as Visa, MasterCard etc.) and card type. When someone makes a purchase, the system identifies the issuer with the card BIN number. This number helps identify the reliability of the transaction.
Whether you are a small online company or a financial service provider, a credit card BIN list can help you secure your online transactions and reduce the risk of fraud. It allows you to monitor daily transactions and saves you from a financial loss that may be occur from card charge backs.
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