You use BINs on a daily basis — every time you make a purchase or make a sale, whether it involves a credit card, a debit card, or a prepaid gift card. The Bank Identification Number (BIN) is the first six digits on a bank card; it identifies the bank, or the issuer of that card.
When your customers swipe their cards for purchases with your company, the BIN is read by an electronic system that identifies the card issuer and the card itself. The issuers use the BIN numbers to track both customers and their transactions. In using a BIN system, your company can link customers to their purchases and make approvals almost instantly. With the binbase.com database, you can verify customer information and prevent credit card fraud.
As the use of bank cards grows exponentially, so does fraud and theft involving these cards. Your best defense against credit card fraud is an up-to-date BIN database, and ours is the largest and most up-to-date available.
The accuracy of our database, in fact, exceeds 99 percent. A 100 percent full compilation of BIN numbers does not exist — it's impossible — but we work continuously to maintain the accuracy of our records and up-to-date information.
We provide valuable add-ons like IP to Location Database and Free Email Addresses Database With services from BinBase.com, you get a complete and thoroughly checked database. Our data is not computer-generated and does not contain records with just BIN numbers.
With the BinBase.com database subscription, you won't see records with an empty country field. That sort of record is typical in free online databases or others you can buy from our competitors – that’s how they sell you 250,000 or more BIN records in a BIN database. Records like that are useless for any type of database implementation.
We use a strictly defined 11-column format — you can parse this easily with any programming language, so you won't experience technical challenges when using our database.
For more details about our database and why it's the best available, check out our FAQ page here: http://www.binbase.com/faq.html Our BIN database is the largest and most up-to-date available on the internet. The database currently contains about 140,000 BIN records on more than 9,000 banks.
Most of our records are provided to us by merchants who process card payments online; other records are provided by banks and other financial institutions. Other companies that offer 300,000 or more BIN records are selling computer-generated data; most of these records contain just the BIN itself without other information — no country and no bank information — in other words, useless data.
You can view a sample string from our database here: http://www.binbase.com/structure.html We're in contact constantly with our contributors and our database is frequently updated. We're not the cheapest, but we are the best! Free versions you find online are outdated, and they're not updated. Ours is live — we provide more than twice as many BINs as free alternatives. We are the ONLY company that offers full ISO compatibility for our records. We even provide free sample queries — check our FAQ page for details.
Other available databases contain up to 10 different spellings for one country. You can't easily accomplish automatic filtering with that level of inaccuracy. All the records in the binbase.com database are complete — records without bank and country information are practically useless, so why would you want to pay for them? Our records are regularly updated and as current as possible.
You can review our data sheet here: http://www.binbase.com/datasheet.html Whether you are a leader in financial services or just a small online business, the BIN system can work for you. It can reduce your risk of fraud, increase the security of your online transactions, and prevent the financial loss incurred from card chargebacks.
Do you conduct business online? You can determine, using our BIN database, whether the card your customer is trying to use has a high risk of fraudulent activity. Online businesses lose millions of dollars annually through credit card fraud — you can protect your business and your finances with our regularly updated and accurate BIN database.
Check out our database licensing details here: http://www.binbase.com/licensing.html You can purchase our BIN database single license for just $499US. You have the rights to use the database for your company purposes, and your number of users is not limited. You can incorporate our database into your own, and you receive free updates.
For larger companies, we offer our BIN database universal license for $999US, which grants your company or organization rights to create a derivative product and/or service for sale to your customers. The number of users is unlimited, and you can offer services such as hosted fraud prevention using our database. This license includes two full years of free updates from BinBase.com.
You can read full details about purchase here: http://www.binbase.com/BinBaseA4.pdf We are an officially registered company and we do not use anonymous contact information. We accept both bank wire transfers and online payments — directly to our company name. Our database is completely ISO-compliant; each of our records has four ISO-related fields, including the country name, the country code A2, the country code A3, and the country number. We use a semicolon-delimited format, so you can open the database with a spreadsheet such as Excel, or with just a basic text editor. You can purchase either license by wire transfer with invoice, or by online credit card purchase, and you usually receive the database records within 24 hours.
Just a few years ago, credit card fraud was much easier than it is today. Credit card transactions could not be instantly approved and purchases were processed by hand. Credit card fraud is far more difficult today because of real-time card processing and your use of the records in the BIN system.
You don't have to be a credit card company to benefit from using BINs. When grocery stores issue shopper savings cards to their customers, they use a BIN system to track customer purchases, qualify customers for special sales, or offer special promotions. Insurance companies use the BIN system to track claims and insurance records and to prevent fraudulent claims. Medical providers can verify the current status of insured patients. Using the BIN system allows for faster processing of claims and smoother transactions with insurance and medical providers.
For more details about fraud prevention, check out our FAQ page here: http://www.binbase.com/faq.html Do you have an online store? You can tell, using a BIN database, whether the card your customer is trying to use has a high risk of fraudulent activity. Online businesses lose millions every year through credit card fraud — you can protect your business and your finances with a regularly updated BIN database.
Prepaid cards are issued by hundreds of companies and frequently now include "payroll cards" issued by employers. The cards are "loaded" with a dollar amount available for purchases. As the popularity of prepaid cards has increased, so has prepaid card fraud.
You don't want to risk the chargebacks and fees that result from fraud.
Thieves and scammers have developed tricks to fraudulently "charge up" these prepaid cards, and some cards charge only an initial $1 or $20 when the holder is actually using the card for a $100 purchase. You as the merchant take the hit. You can't afford the chargebacks that occur after such fraudulent purchases; the binbase.com BIN database can increase your security and reduce your risk. Our database protects both your company and consumers against this type of theft and fraud.
You can use our database to verify the card user's identity — using their zip code or billing address. Your business is protected with the confidence that customer purchases will be covered by the bank that issued the card, and you won't be faced with chargebacks on cards in the hands of thieves.
Gift cards, increasingly popular with major retailers and credit card companies, are convenient for merchants, who often come out ahead on time-restricted purchases that are paid in advance. However, many merchants are now learning how gift card fraud works.
Hackers who infiltrate a merchant's system and alter records of balances are fairly rare, but newer innovative techniques are used by criminals to foist fraud upon merchants. Clever thieves have learned to scan cards into portable devices that read the card's BIN number and its ID number; this is enough information to contact a monitoring station and learn when the customer loads the card with $500. Later, when the customer tries to use the card, it's declined — the $500 is gone.
You don’t want to be a victim of this scam.
Database BIN checks stand as a major deterrent against fraudulent use of gift cards. With the binbase.com database, you can verify whether the purchaser is the legal owner of the card, potentially saving you thousands in fraudulent charges.
A swiped card is authorized through an automated process; when it's approved, the merchant is paid — even if the card was stolen. But with online transactions where the card is not present, it's the merchant's liability. All online purchases with credit cards are at your risk, not the cardholder's risk.
In 2006 the total reported credit card fraud in the UK was £535 million. In January 2010 the Federal Reserve Bank of Boston reported that U.S. consumers held a total of 609.8 million credit cards.
The Mercator Advisory Group reports that the total amount loaded for prepaid cards in 2008 was $247.7 billion. That's an increase of almost $28 billion over the amount in 2007.
According to the American Bankers Association, credit cards are used for more than $2.5 trillion in annual transactions. They're accepted at more than 24 million locations in more than 200 countries and territories around the world.
Prosecution is next-to-impossible when fraudulent transactions are internationally processed. You can take precautions to avoid credit card fraud, but customers don't respond well to multiple card-verification techniques. Businesses don't want to decline legitimate transactions and thus lose out on potential revenues. Credit card companies, though, issue chargebacks to merchants when a customer requests it — whether the request is legitimate or not. A company that suffers a large number of chargebacks can be blacklisted by merchant account providers.
Protect your business, your assets, and your financial transactions. The largest and most up-to-date BIN database is the one developed and licensed by binbase.com – and you can become a licensed user. Click here for purchase details or read our proposal.
