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Preventing Online Credit Card Fraud With Bank Identification Numbers
Posted On : Jun-12-2011 | seen (413) times | Article Word Count : 558 |
The BIN database can be effectively used to combat credit card related frauds subjected to a few conditions. Some of these include the following. With fraudulent credit card transactions trapping bearers completely unawares, the Bank Identification Number Database or the BIN database has proved to be a very handy tool. It helps do away with credit card transaction frauds. The BIN is actually the first six digits of your credit Wholesale Christian Wilkins Jersey , debit, prepaid, or gift card number which is used for facilitating any and every transaction you might be carrying out through them.
The number represents the bank and the issuer of the card for due validation prior to transaction. Therefore Cheap Kalen Ballage Jersey , if your customers are using their cards to buy stuff from you, the BIN is the easiest tool which will help you identify the card and the issuer of the same. So, a BIN system can successfully correlate customers with the purchases and you can provide instant approvals too. But Cheap Durham Smythe Jersey , it is crucial to have an up-to-date and authentic BIN database so that customer information can be verified for preventing credit card frauds.
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The BIN database can be effectively used to combat credit card related frauds subjected to a few conditions. Some of these include the following.