When people shop for items and services, they normally pay with their credit cards. This in turn brings the BIN or Bank Identification Number into play. These BINs are used widely on a day to day basis. Even if you are paying without a credit card or debit card or even a gift card, you will still find that using the BIN number is necessary.
Produces necessary information
The BIN involves six digits that are actually the first of a complete cred it card number. A credit card bin lookup makes use of these BINs to produce the necessary information that can help a merchant and cardholder in many ways. Since the high numbers of credit card users has led to wide scale credit purchases, it makes sense to take steps that can help prevent credit card fraud. There is a very high risk that a fraudster can try using a credit card (with fictitious umbers) to defraud you.
Defend yourself against credit card fraud
Credit card bin lookup helps you by using a CC BIN database. This database holds a high number of credit cards and information related to the card. To defend yourself against credit card fraud, you need to make use of credit card bin lookup.
You may have to tailor your credit card bin lookup to suit a particular credit card. So, if it is a Visa credit card, there is no sense in using credit card bin lookup on a BIN database that does not contain information on VISA credit cards.
Numerous BIN lists
There are numerous BIN lists out there that are dedicated to holding information related to particular kinds of credit cards. So, rather than do a credit card bin lookup on a BIN database that does not contain information on your credit card, be sure to perform the credit card bin lookup on a database that is created for just that particular credit card issuer.
It is easy to perform a credit card bin lookup on a BIN database and for different purposes. You can do a credit card bin lookup for business purposes or for personal use and even for secured credit card transactions. In any case, the credit card bin lookup will be able to provide some very timely and effective help to ensure that you do not get duped by credit card fraudsters.
Compared to doing a manual credit card bin lookup, the automated credit card bin lookup is a far superior option. No one has the time money or inclination to check each record in a voluminous BIN database. An automated credit card bin lookup will do the job more completely, efficiently and in less time.
The end result of using automated credit card bin lookup is that not only do you get information on a timely manner but you can also make your operations less costly and in this way enjoy a second and very important benefit.
So, if you have not already decided to use credit card bin lookup, it is time for you to act as every second that is allowed to go without doing a credit card bin lookup, you could be losing money and much more.