It is a vast and ample innovation to curb the challenges and the exposure of the online payment systems to a high rate of criminality and urbane theft. The realization of this is the BIN checkers to check cardholders' BIN numbers for its validity or otherwise. Truth is all these smart attempts of fraud will require a smart or even a smarter merchant to counter and nullify it. In a bid to avert frauds and money laundering regarding credit cards and some other cards, checking BIN frequently becomes essential and unnegotiable considering the amount and magnitude of credit card frauds in this civilized world and age. BIN Numbers in some place, is also known as Issuer Identification Numbers or in short IIN. BIN Numbers is developed by the International Organization for standardization, otherwise known as ISO, to align and confirm the card holder's original data with the card details. How?īIN numbers help in spotting any laid-out risk and security breaches or even identity theft. BIN Numbers then is of great importance to merchants as it helps in averting great fraudulent traps being laid by money launderers and fraudsters. A bank identification number is then the initial set of the first four to six numbers on these cards. Why a Need for an Accurate BIN List Lookup?Ĭredit and Debit cards, gift cards, prepaid cards, and other charge cards have many numbers. Its like the verification from MD5 checksum for online file download. The 7th digit to uniquely identify each person. For example: A card starts with 453382 is from the bank CREDIT AGRICOLE, S.A., having the network VISA standard sub-brand Card. The first 6 digit, with the first digit inclusively, is really of interest here : the BIN as defined above. 6 assigned for Merchandising, Commerce, and few remaining Banking Businesses.
3 assigned for Entertainment & Travel Businesses4 & 5 assigned for Banks & Financial Businesses.
The first one is the MII code (Major Industry Identifier): dictating the card category: 0 assigned for uncommon industry.
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