Bank Identification Numbers (BIN) are an important part of almost all business transactions. When your customers make a purchase using a credit card, debit card or gift card, an electronic system automatically uses the cards bank identification number in order to identify the card issuer and the card itself.
Financial institutions which issue credit, debit, prepaid and gift cards use these BIN numbers to track customers and their purchase transactions. A well-designed BIN system will allow your company to link customers to their purchases and approve electronic transactions instantaneously. A BIN check service, such as that provided by BinBase.com, can increase the efficiency and accuracy of nearly all of your business transactions.
The bank identification number (BIN) refers to the first six digits of any bank-issued card. The BIN number is used to identify the financial institution which issued the card to your customer.
Simply put, a BIN database and online BIN lookup service can help your company verify customer information and prevent credit card fraud. These days, nearly all purchases are made with a bank card of some sort, whether it be credit, debit or even gift cards. It is rare to find a customer who is paying with cash. Due to the increase in bank card purchases, credit card fraud and identity theft have been on the rise. It is important that businesses have a system in place to protect themselves from the financial loss that is associated with credit card fraud.
How can you protect YOUR business? By partnering with BinBase.com.
BinBase.com has the largest, most accurate BIN database available today. Our BIN database contains over 251,000 records, covers 20 card brands, three card types and 150+ card categories for over 200 countries world wide. We are proud to provide our clients with complete and accurate BIN records. When you review our database, you will not find any falsified records to improve our numbers and give the appearance of an overflowing database. This is a practice that is commonly held by our competitors, and we find it dishonest. At BinBase.com, you will find only true and complete BIN records. All of the information provided by our database has been verified for accuracy.
Whether your company is a financial leader or a small, privately-owned business, our BIN lookup system can work for you. BinBase.com will reduce your fraud risk, increase the security of your online transactions and prevent the staggering financial costs of card chargebacks.
Protect your business, your assets, and your financial transactions. The largest and most up-to-date BIN database is the one developed and licensed by binbase.com – and you can become a licensed user. Click here for purchase details or read our proposal.