What Is A Bin Database?
Every bank or other financial institution has a unique number identifying it and the country it operates in. This number is shown by the six digits appearing first on every credit card, debit card, prepaid or gift card used anywhere. These numbers are referred to as Bank Identification or Issuer Identification numbers (BINs or IINs). BIN databases store these numbers to make it possible for merchants or banks to perform bin database lookups to verify cards used for purchases.
A card bin database typically stores its bin database numbers in its bin databases tables according to categories. A table may, for instance, hold exclusively the numbers used by issuers of American Express cards. A merchant wishing to undertake a bin database check for a purchase made with such a card would then only have to access the bin database for American Express cards, which will obviously be much quicker than performing a long bin data base search through a card bin data base holding every number for every card.
In the same way, visa bin databases will allow separate searches, as will bin database master card tables. By purchasing a bin database download from good bin database software companies, merchants are able to access any bin range database they choose at any time. Bin database bank identification numbers will be regularly updated, allowing for them to be as complete and accurate as humanly possible. With new cards and institutions springing up almost daily, it is naturally impossible for bin database files to be 100% complete at all times.
The best bin database and bin search downloads will, however, ensure that the information returned by the bin database checker will always be as up-to-date and accurate as can be achieved. Bin data base bank information basically makes it possible for a merchant to decide whether a card needs to undergo further detailed checks before a purchase is authorized. How does it do this?
Assume, for a moment, that a person using a PC in the UK is ordering a rather expensive item from an e-business and asks for it to be sent to South Korea. The merchant knows the purchase is made from the UK, because he has downloaded bin database software that includes an IP location facility, one of the many bin database benefits available to merchants.
The card this person is using carries the number 404137. According to the visa card bin database, this identifies the card as a Visa debit card issued by the Greater Building Society in Australia. This combination of a purchase from the UK, made with an Australian debit card, with a delivery address in South Korea would prompt the merchant to check the details further before accepting payment, because there is a good chance that this may be a fraud. While it is naturally quite feasible for an Australian business individual or tourist to make a purchase from the UK, the delivery address raises a serious doubt regarding the authenticity of the purchase.
A card bin database typically stores its bin database numbers in its bin databases tables according to categories. A table may, for instance, hold exclusively the numbers used by issuers of American Express cards. A merchant wishing to undertake a bin database check for a purchase made with such a card would then only have to access the bin database for American Express cards, which will obviously be much quicker than performing a long bin data base search through a card bin data base holding every number for every card.
In the same way, visa bin databases will allow separate searches, as will bin database master card tables. By purchasing a bin database download from good bin database software companies, merchants are able to access any bin range database they choose at any time. Bin database bank identification numbers will be regularly updated, allowing for them to be as complete and accurate as humanly possible. With new cards and institutions springing up almost daily, it is naturally impossible for bin database files to be 100% complete at all times.
The best bin database and bin search downloads will, however, ensure that the information returned by the bin database checker will always be as up-to-date and accurate as can be achieved. Bin data base bank information basically makes it possible for a merchant to decide whether a card needs to undergo further detailed checks before a purchase is authorized. How does it do this?
Assume, for a moment, that a person using a PC in the UK is ordering a rather expensive item from an e-business and asks for it to be sent to South Korea. The merchant knows the purchase is made from the UK, because he has downloaded bin database software that includes an IP location facility, one of the many bin database benefits available to merchants.
The card this person is using carries the number 404137. According to the visa card bin database, this identifies the card as a Visa debit card issued by the Greater Building Society in Australia. This combination of a purchase from the UK, made with an Australian debit card, with a delivery address in South Korea would prompt the merchant to check the details further before accepting payment, because there is a good chance that this may be a fraud. While it is naturally quite feasible for an Australian business individual or tourist to make a purchase from the UK, the delivery address raises a serious doubt regarding the authenticity of the purchase.
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