subject: Decrease Suspicious Payments Through Binlookup [print this page] There were various fraudulent cases that were recorded in the past, which is still being done today by some people who are taking advantage of the credit and prepaid cards in settling their payments for bills and when they purchased items online or offline. However, due to strong contingency plans that have been developed, binlookup was created to assist and protect merchants and card users in being involved with suspicious activities. The binlookup is a standard and universal database that can be accessed anywhere an individual would go, whether within the country or in other foreign lands. The binlookup itself will show how many transactions are done with specific cards for particular days, the name of the issuing bank and countries where it exactly located. This becomes possible because the binlookup has a system that automatically shows all required information for the purpose of protecting the business from any profit loss and debt for the legitimate card users.
The Convenience that Binlookup Brings
It is common knowledge that one of the major risks and concerns that most of the merchants are experiencing with their online businesses are the problems associated with credit cards. On the other hand, the customers have made an affirmation of the convenience that these cards bring to them whenever they make purchases online and whenever they run out of cash. However, the focus and attention to details to verify the validity of the card will be up to mechanical process of checking and validating the card that binlookup can do without taking away the time of the card user. The binlookup works beneficially for the user and the business without impending or causing delay with all other transactions for the day. The binlookup overrides delays because of the unique and synchronized system not just in the local areas near the individual, but worldwide.
What are the Details that Binlookup Show?
In order to maximize the purpose of binlookup, you have to know standard details that you have to enter and how to use it. Primarily, you have to look for the 6 digits found in specific cards whether its Visa or MasterCard. Those numbers are inevitable in searching for the exact and accurate details that must be entered at the binlookup. If records show up by the binlookup, it clearly suggests that it has been updated and recorded by the bank that issues the card. If it's not in the record, further transactions cannot be continued.
Primary Information that Can Be Seen at Binlookup
The standard information that binlookup generates is the type of card that the user is using, especially when the payment is being made. Second, binlookup will classified specific card as gift/prepaid, debit, where the most common are credit cards. Third, binlookup will show the specific name of the bank and its country where the issuance was made and conducted. The last detail that binlookup will generate is the contact number of the bank, which will allow final verification and coordination if the card is owned by this specific person for final validation.
by: Gen Wright
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