| database or bank identification number database is a | | | | the first 6 digits of a credit or debit card. The BIN or IIN |
| very important system. The BIN can also be referred | | | | lookup is just for indentifying the issuer of the first 6 |
| to as the IIN which stands for issuer identification | | | | digits of the credit or debit card that is being looked up. |
| number. When you use your debit or credit cards at a | | | | To lookup a particular card you need to do a BIN |
| retail store there is something that is tracking your | | | | number search. It is just entering the 6 digits of the |
| purchase. It is the BIN database. How does this work | | | | card and the BIN or IIN lookup will provide you with the |
| you might ask? Well it works like this, when you | | | | card issuerÒs information, a phone number for the |
| receive a credit or debit card your card is issued to | | | | card institution and the card type. This is helpful |
| you with a series of numbers. The first 6 numbers | | | | because you get a general idea of the card that is |
| located on the front of your card is the BIN or IIN. | | | | being used but not enough information to commit credit |
| These numbers are important because they let the | | | | or debit card fraud. The card identification number is |
| database know where the card was issued from. This | | | | not used in the bank identification number or issuer |
| makes for better networking because it allows your | | | | identification number lookup. This is because it would |
| transaction to be completed fairly quickly. The last | | | | be a way for scammers to get information about the |
| series of numbers located on your card are referred | | | | owner of the card and be able to fraudulently use the |
| to as the card identification number. The BIN or IIN | | | | credit or debit cards. Using the bank identification |
| database makes it harder for credit card scammers | | | | number database or issuer identification database is |
| to be able to commit credit card fraud. Before the BIN | | | | supposed to be a secure way to do a BIN or IIN |
| or IIN database it was fairly easy to commit these | | | | lookup. |
| crimes because the credit card system was not yet | | | | The card identification number is unique to the |
| sophisticated enough to quickly access the information | | | | cardholder themselves. This is the series of numbers |
| from the issuer of the card. Nowadays you have the | | | | followed by the first 6 BIN or IIN that is at the beginning |
| BIN or IIN database to help and monitor these | | | | of the card number. The BIN or IIN database uses this |
| transactions a lot faster than before. If a credit or debit | | | | information along with the bank identification number or |
| card is reported lost or stolen the BIN or IIN database | | | | issuer identification number to speed things along when |
| will suspend the use of the card so virtually eliminating | | | | you are purchasing something with your credit or debit |
| the possibility of it being used for fraudulent purchases. | | | | card. The BIN or IIN database is rapidly being utilized |
| Now we have access to the BIN or IIN lookup. This is | | | | and very common by the seller and the purchaser. |
| where you can lookup information on a card from | | | | Credit and debit cards are being used more and more |
| simply entering the first 5 digits of the series of | | | | each day and we depend on these cards for |
| numbers located on the card itself. It is perfectly legal | | | | purchasing products every day. |
| because you cannot commit credit card fraud with just | | | | |