How To Choose The Right Credit Card Bin Database
Exactly How To Pick The Appropriate Credit Card Bin Database
A bank identification number (BIN) database is really a set of data that ecommerce sites can use to verify credit cards. The main goal of using a BIN database is to stop fraud.
How it works
A bank identification number database is transparent to the consumer. It is setup within the back-end for verification purposes only. Customers making purchases on a web site may not even be aware that the database is being queried. The procedure is rather comparable to how credit cards are checked whenever you are making a purchase at a supermarket.
When you have access to a BIN data set, you can have full control over the verification process. You can install the database in your own server, or send API calls to conduct a verification. The server conducts the check and then sends back a response. If it's a valid card, you are able to go ahead and approve the transaction. If you get an error response, the transaction will be rejected instantly. This can assist stop fraudsters from using stolen credit cards to make purchases. If the transaction goes through, the vendor may send out physical goods, only to uncover at a later date that the transaction is fraudulent. For an e-commerce web site, a BIN base becomes a crucial security feature. So how do you go about selecting the right credit card bin database? Listed here are several useful suggestions.
How to choose the right credit card BIN database
1) Number of records: The database should be as comprehensive as possible. The larger the data set, the better. Usually, a database will include over two hundred thousand credit card records. Some might contain over three hundred thousand records.
2) Number of parameters: You verification system will be hardened when you have more data to check against. Having more parameters indicates that you get more information to check against for each and every transaction. In addition to the BIN number, you also get information such as country of issue, brand, card type, etc.
3) Regular updates: Having more data is good. But is the vendor doing anything to update the database? The records should be updated regularly. Check with the vendor before making a purchase. Generally, a vendor conducts updates at least 3 times a year. Most carry out 4 to 6 updates annually.
A bank identification number (BIN) database is really a set of data that ecommerce sites can use to verify credit cards. The main goal of using a BIN database is to stop fraud.
How it works
A bank identification number database is transparent to the consumer. It is setup within the back-end for verification purposes only. Customers making purchases on a web site may not even be aware that the database is being queried. The procedure is rather comparable to how credit cards are checked whenever you are making a purchase at a supermarket.
When you have access to a BIN data set, you can have full control over the verification process. You can install the database in your own server, or send API calls to conduct a verification. The server conducts the check and then sends back a response. If it's a valid card, you are able to go ahead and approve the transaction. If you get an error response, the transaction will be rejected instantly. This can assist stop fraudsters from using stolen credit cards to make purchases. If the transaction goes through, the vendor may send out physical goods, only to uncover at a later date that the transaction is fraudulent. For an e-commerce web site, a BIN base becomes a crucial security feature. So how do you go about selecting the right credit card bin database? Listed here are several useful suggestions.
How to choose the right credit card BIN database
1) Number of records: The database should be as comprehensive as possible. The larger the data set, the better. Usually, a database will include over two hundred thousand credit card records. Some might contain over three hundred thousand records.
2) Number of parameters: You verification system will be hardened when you have more data to check against. Having more parameters indicates that you get more information to check against for each and every transaction. In addition to the BIN number, you also get information such as country of issue, brand, card type, etc.
3) Regular updates: Having more data is good. But is the vendor doing anything to update the database? The records should be updated regularly. Check with the vendor before making a purchase. Generally, a vendor conducts updates at least 3 times a year. Most carry out 4 to 6 updates annually.
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