BIN Checker Launches New Solution to Threats of Online Fraud - WFXG FOX54 Augusta - Your News One Hour Earlier

BIN Checker Launches New Solution to Threats of Online Fraud

Posted:

This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.

SOURCE:

The new BIN Checker database will help ensure the security of online transactions.

(PRWEB) August 22, 2014

BIN Checker is proud to announce the launch of its new database, which allows users to verify the bank identification number (BIN) of any credit or debit card before authorizing any online transaction.

The new BIN Checker database will help ensure the security of online transactions. This app will allow users to check the Bank Identification Number (BIN) of online credit and debit card transactions to ensure that they are legitimate, helping users avoid the ever-increasing threat of online fraud and scams.

In todays electronic world, many financial transactions are performed online. This inevitably leads to an increased risk of credit card scams and fraud. However, specific preventive measures can be taken to ensure the security of banking and credit transactions online.

The Bank Identification Number

The BIN is typically the first six digits of the 16-digit number on any credit or debit card. The BIN can be used to identify the card numbers country of origin, the bank which issued the card, and the brand of credit card, such as Visa, MasterCard, or American Express. Pertinent information such as the city, telephone number, and microchip availability of the credit card is also stored in the BIN.

The BIN can also determine the type of card being used, such as credit, debit, prepaid, charge, or secured card. Furthermore, the BIN can even determine any subcategory of the credit card in question, including business or electronic.

Some business owners tend to complete more purchases with their business cards than with their personal cards. As an active business owner performing numerous transactions daily, it is advisable to use the BIN Checker database to verify business transactions securely without the threat of fraud or scams.

The Advantages of BIN Checker

A BIN can be customized to growing business needs; integrate any credit cards BIN Checker to specific business demands or requirements. Restrictions can be set to block individual businesses, countries, or banks.

BINs can also be used to create surcharges for other types of credit cards, such as those issued outside the credit card holders country; it is common for an extra fee to be imposed on non-resident credit cards to balance the exchange rate.

BIN Checker is a user-friendly database that will ensure that each check is up-to-date with the necessary information to perform an accurate check on every card, for every transaction.
For more information, or to use BIN Checker, go to http://binchecker.com or download the BIN Checker app at https://itunes.apple.com/app/bin-checker/id907218284?mt=8.

For the original version on PRWeb visit: http://www.prweb.com/releases/2014/08/prweb12103921.htm

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

Powered by WorldNow