It is hard to imagine the contemporary world without bank cards, which make life much easier. Cards offer a convenient way to pay for goods and services, eliminating the need to carry cash or search for the nearest ATM.
Using a bank card can be safer than carrying cash because if you lose your card, you can block it and prevent unauthorized spending. Additionally, using a card allows you to keep a record of your spending.
The information that can be found on a bank card includes:
- The cardholder’s name, which can be printed on the front of the card.
- The card should typically display the following information: Expiry date.
- CVV code. CVV, or Card Verification Value, is a three-digit security code typically located on the back of a card. Its purpose is to confirm that the card is in the possession of the user when conducting online transactions.
When using credit or debit cards, it’s easy to overlook the fact that each card has a unique number called a BIN (Bank Identification Number).
The BIN is not just a random sequence of numbers, but a special code that contains crucial information about the card, such as its type, issuing bank, country, and ISO country code. This code ensures that our financial data is encrypted and processed securely and efficiently.
It is important to verify the BIN for several reasons.
Firstly, it helps to authenticate the card and ensure that it belongs to the named owner, which prevents illegal transactions and protects both consumers and merchants.
Secondly, fraud using stolen or counterfeit cards is a serious problem. BIN verification helps to identify such cards and prevent illegal transactions.
Thirdly, some industries, such as online payments and e-commerce, require BIN card verification to comply with laws and regulations and avoid potential fines or negative consequences.
Lastly, BIN verification can also improve and speed up the payment process while reducing rejected transactions. This can be especially helpful for online retailers or companies that handle a high volume of transactions.
To access this information, there are several online platforms to offer BIN checker services. This article will discuss three of the best ones for checking BIN codes.
Best free bin checkers
PULSE | Advanced BIN Checker
A bin checker from PSTNET, its database contains more than 500,000 unique cells updated daily. This service provides information on the card’s type, issuing bank, country, and ISO country code.
For PSTNET card users, there is an even more advanced BIN and IIN verification programme. It provides additional card information such as:
– Payment Processing (Visa, Mastercard)
– Issuing bank (Citi, Wells Fargo, TD and others)
– Country of issuance
– Type of card (Credit or Debit)
– Type of card (Standard, Classic, Gold, Platinum)
The following unique services are provided for PSTNET card users:
– Percentage of approved and declined transactions
– Average spend per card
– Billing thresholds
As you can see, using this service, you can get a lot of nice bonuses, as well as reliable information about your card.
The second service is FreeBINChecker. The service has its own advantages, one of which is fast processing of the request. The search box is the service for checking a signle BIN number. It accepts a number of length six, the initial digits of any payment card. The app will perform database lookup to return all the relevant information stored for the BIN. Database was last updated 7 hours ago.
Third in our ranking can rightly be called Bincheck.io.
Bincheck.io is a credit / debit card BIN checker, the website has a database of over 356,000 unique BIN numbers in its database. In addition, Bin Check offers many free tools such as BIN verification, IP / BIN verification, and geolocation.
In conclusion, whether you are an individual looking to verify the authenticity of your card or a business aiming to enhance your transaction security, these free BIN checker online websites offer valuable services.
PULSE, FreeBINChecker, and Bincheck.io each provide unique features and benefits, ensuring that there’s a solution for various needs. By utilizing these tools, you can protect yourself and your business from fraudulent transactions, improve payment processing efficiency, and comply with financial regulations. Remember, in the digital world, being informed and cautious is the key to safeguarding your financial integrity.