The BIN Checker is an important business tool for companies that are engaged in eCommerce and accept payments through credit cards.
(PRWEB) June 09, 2016
BIN Checker, a website that validates bank identification numbers has recently updated its website and app. The updates for the app are included in Version 2.0.1. Companies use BIN Checker to crosscheck the numbers on a pre-paid card to validate the card and prevent fraud. Credit card BIN numbers are the first 6 digits of a card number. BIN is also used to help identify potential security breaches or identity theft by comparing such things as the location of the issuing institution and the address of the cardholder.
“Though the BIN Checker tool costs extra, it is very minimum as compared to the benefits it offers to the users,” said Mihai Ghiata of Bin Checker. “Today’s business is so vast and complex that without credit card security, business is unthinkable.”
BIN Checker provides the following:
- Check the bank name that issued the card
- Check the country of the bank that issued the card
- Check the funding type (debit, credit, prepaid)
“The mode of operation of BIN Checker is very easy and effective, said Ghiata. “If the country of the bank issuing the card and the address of the cardholder matches, it is assumed that the buyer is legitimate and the chances of fraud are minimized.”
The updated website also includes a link that discusses fraud prevention. With a complete and accurate BIN list, the user will be able to process credit card transactions and online purchases in just a few seconds and this translates to better and more secure services. The BIN lookup will also help the user identify possible rejection or disapprovals of card transactions.
For more information please visit the website http://binchecker.com/ or contact us at info(at)binchecker.com