Preventing Online Credit Card Fraud With Bank Identification Numbers
October 14, 2011 (PRLEAP.COM) Business NewsFounded by a group of IT professionals with the aim to provide antifraud services in the year 2009, BinDB.com is an organization dedicated to create, update, and provide an extensive Bank Identification Number database in order to help online-based businesses deal with the problem of online fraud and chargebacks during electronic payment from different credit and debit cards. Using the BIN database to identify the authenticity of a credit or debit card is the most innovative and revolutionary technology to reduce the rates of online credit card frauds. In fact, this is the only way to reduce chargebacks on fraudulent online transactions in today's scenario. Implementing it in your business helps you take your business to the next level and is responsible for the quick growth of your commercial online projects.
Located in Delaware, USA, BinDB.com is an organization led by ambitious and experienced IT professionals striving to offer better services every passing day in order to meet the growing demands of antifraud package for systems of large online businesses. BIN database is a unique package that helps you find the Bank Identification Number that, in turn, helps you know various important details, such as the bank that issued the card, the type of card, brand of card, that is, Visa or MasterCard, level of card, that is, classic or gold, and other important details. Using the first six digits on a credit or debit card, usually known as Bank Identification Numbers, you can check all important details about the card and the issuer. It is one of the most revolutionary inventions to stop Internet fraud and unwarranted chargebacks.
BIN database, offered by BinDB.com, contains more than 260,000 records, which are updated every day. By using this, you can also find the country of issuing bank with bank identification numbers, search card issuing bank name, card type (debit, credit, or gift card), car subtypes (classic, gold, or business), validate brand (MasterCard, Visa, Amex), additional information (including city, phone number, etc), and service support. The database offered is one of the most comprehensive bank identification numbers databases available on the market today. You can also visit their website for a BIN Lookup online demonstration. In fact, it is the only service that helps you quickly differentiate between a genuine credit card and a similar-looking fake card.
In order to find whether a card is genuine or fake, all you need to do is to insert the bank identification number, the first six digits on the card, and search. You'll get complete information about the card, and if you find something suspicious, you can straightaway deny the electronic transaction from that particular card. It helps in reducing fraudulent transactions and unjustified charge backs. BinDB.com offers the most comprehensive BIN database that helps online businesses to check the authenticity of a credit or debit card.