Avoid credit crad fraud


What You Didn't Know About Credit Card Numbers

Have you ever really looked at your creditThe check digit is a number that is
card and tried to figure out what that hugecalculated by applying a special formula to
string of numbers really means? Do these cardall of the other numbers. The check digit is
issuers have so many customers that yourthe result of that formula and is used as an
account  number  has  to  be  16 digits long?anti-fraud  check.
You may be surprised to know that all thoseTo keep things from getting too confusing,
numbers you see actually do stand forlook at your card as you follow along for the
something, and it's not just who you are.next  steps.
Let's  take  a  look.
American  Express
Most of the major credit card companies
operate on the same system when choosing aThe American Express Card uses digits three
credit card number. Other cards like gasand four for type (business or personal) and
cards, department store cards and phone cardsthe currency of the cardholder's country of
go their own way. Let's concentrate on theorigin. The next digits from the fifth
ones  that  all  play  by  the  same  rules.through  the  eleventh  are  account numbers.
The very first digit in the series will be aDigits twelve through fourteen indicate the
3,4,5, 0r 6. This number designates the typecard number within the account and the last
of  card  as  follows:digit  is  the  check  digit.
3 = a Travel & Entertainment Card likeVisa
American  Express  or  Diners  Club.
With Visa, digits two through six represent
4 = Visa and Visa-branded debit cards, cashthe bank number. Beginning with the seventh
cards,  etc.digit and running through the twelfth or the
fifteenth represents the account number and
5 = MasterCard and MasterCard-branded debitthe  last  number  is  the  check  digit.
cards,  cash  cards,  etc.
Since all Visa cards do not have the same
6  =  Discoveramount of numbers in the sequence, the number
of  digits  in  a  group  may  vary.
American Express and Diners Club use the
second digit to identify the company. ThatMasterCard
means that Diners Club cards will start with
either "36" or "38", and American ExpressFor MasterCard, the second digit, through to
cards  will  use  either  "34"  or  "37".anywhere between the third and the sixth
digit is the bank number. All remaining
The remaining numbers in the series are useddigits, except the check digit at the end of
for different purposes depending upon thethe series, identifies that cardholder's
card  type  and  issuer.account.
In most cases, the next group after theNow that we've gone over it all, you're
opening series of numbers represents theprobably wondering why you were ever
routing number of the card-issuing bank, thewondering in the first place. Just remember
group after that is the user's accountthough, knowledge is power. Some things are
number, and the final digit is a check digit.just fun to know.



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