subject: Bin Lookup Database Ensures Protected Online Card Transactions [print this page] BIN Lookup Database will prove to be extremely valuable for all businesses, particularly for those, who largely carry out online transactions. It is very important for you to use a BIN Lookup Database, which is updated daily so as to guard your online trade from prospective frauds as well as other types of Internet scams.
The BIN Lookup Database includes BIN entries, which have been obtained from traders, banks in addition to other financial organizations. The BIN or Bank Identification Number is a unique numeric code, consisting of six digits. These six digits are generally the first 6 numbers of the credit, debit and gift cards. This numeric code acts as a security code and it helps to locate the banks as well as other financial organization, which issued the plastic card. Nevertheless, you are required to get hold of a BIN Lookup Database, which not only offers you the BIN records but also provides you with crucial information concerning the card issuer and the place of origin. Individuals, who are aware of the ins and outs of online business transactions, performed by means of credit, debit and gift cards will effortlessly understand the need for an all-inclusive and up-to-date BIN Lookup Database.
Use BIN Lookup Database to validate credit and debit card details
A BIN Lookup Database makes your company more powerful. It is an extremely valuable business tool, which will guard and guarantee the legitimacy of all online transactions. This is believed to be a widespread apprehension among both your clients as well as your company. By means of suitable risk management methods, you can make use of the BIN Lookup Database download to identify dubious transactions on the Internet and flag prospective frauds and scams on the basis of the place where the plastic card was processed as well as the country where it was delivered. Inconsistency in these records would signify potential fraud within a specific transaction. For example, by the help of BIN Lookup Database, if you find out a particular plastic card, which was processed by a Canadian bank, is used for making a purchase through online, with shipment information indicating delivery leading to Moldova then you should know that it is a fraud transaction. Such a transaction will easily get flagged by BIN Lookup Database for additional validation and verification.
Even the minimal confirmation offered by BIN Lookup Database regarding the name of the card issuer as well as the person's identity, to whom the issuer handed over the card, will prove to be helpful in ascertaining whether or not the online transaction is valid. The BIN Lookup Database will even assist you in finding out the kind of card, which is being used to make the online purchase, whether it is credit, debit and gift card. By means of BIN Lookup Database you will also be able to find out the plastic card variety, whether it is Visa, MasterCard or American Express.
Stop credit and debit card fraud by using BIN Lookup Database
Soaring rate of client chargeback can fatally damage your business. To prevent your business from suffering such serious damages why need to use BIN Lookup Database. If you fail to implement proper safety measures, which would help to cut down chargebacks, you will end up ruining your business completely. With a trustworthy BIN Lookup Database, you can effortlessly identify fake and dubious card transactions as well as can prevent crossing the pre- identified chargeback percentage for trade.
by: Gen Wright
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