Thursday, July 26, 2012

Making Use Of Bin Mastercard

Merchants that are looking for better support for their MasterCard credit cards will benefit immensely by making use of BIN MasterCard. As a matter of fact, BIN MasterCard offers especially designed support that will make it easier and more convenient as well as safer to make use of these credit cards.

Complete collection of records

When it comes down to choosing the best BIN MasterCard database it is important that you pick one that has a complete collection of records pertaining to MasterCard credit cards. It is also important for you to look for a BIN MasterCard database that is priced affordably and which offers you a license to make use of the BIN MasterCard database legally.

Offers a solution

The BIN MasterCard database that you choose must be one that is able to offer a solution that helps merchants reduce the risk of credit card fraud by a significant amount. MasterCard is a very popular credit card which is widely used throughout the world. With credit card fraud being a major problem for online merchants, the right BIN MasterCard database is one of the more effective solutions to help reduce this risk.

Law enforcement agencies will track the credit card

BIN or Bank Identification Number helps those who are entrusted with enforcing the law keep track of credit cards. These BIN numbers are derived from the six credit card numbers which are the first and which are unique to each credit card. These numbers help in creating a BIN MasterCard database in which the numbers identify unique credit card issuers.

When a merchant makes use of the BIN MasterCard, they can immediately double-check the authenticity of the credit card and know whether it is genuine. If the BIN MasterCard database lookup does not provide an exact match, then the merchant should realize that the card is fraudulent. In such a case, the merchant must reject the credit.

If, however, the BIN MasterCard database lookup shows an exact match, then they can consider the card to be genuine and can accept the transaction. However, they must also double-check that the BIN MasterCard database lookup shows that the card issuer is reputable and known.

A BIN MasterCard database holds plenty of information regarding the MasterCard. This BIN MasterCard database information can be relied upon to establish that the credit card issuer and the holder are genuine. The information provided by the BIN MasterCard database includes the billing address of the user, the country in which the issuing bank is located and more. All this information allows the merchant to verify that the card is genuine.

In case the BIN MasterCard database is not able to provide information to verify the authenticity of the card, then the merchant has the option of denying the transaction and in this way take a step to prevent credit card fraud.

The BIN MasterCard database also provides information to help the merchant learn about the card type including credit or debit and even prepaid or a gift card. With this information available to the merchant who uses a BIN MasterCard, it becomes easy to spot fake from genuine cards.

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