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Bank identification Number - Payment Cards

By FlorianZippel Subscribe to RSS | December 17th 2011 | Views:
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Empowered with this information you are in the better position spotting the suspicious payments & decrease fraud.

Increase safety and decrease fraud

For instance, if country of residence of the customer doesn't match country of issuing bank, then this is the possible red flag. You might as well want to screen some payment cards such as prepaid or gift cards. Or in case, you have had the bad experiences with the specific country, then those orders are flagged for review. By doing improved fraud screening you will limit the chance of charge backs & improve the compliance standing.

Bin Lookup

Bank identification number program displays all the Bin records for selected inventory item in selected inventory place. The Bank identification number records are been used to track physical and bin locations where the item exists in the specific inventory warehouse or location. The multiple bins will exist for item in the single warehouse location providing the unique location or item or bin combination is been used for every record. Every bank identification number record stores quantity of item, which is located in a bin (bin quantity), quantity of bin, which is committed to the printed shop order and sales order lines (committed quantity), and quantity available and free. The bank identification number records as well have some other fields, which are been used by Count Processing & other applications in system. Bin system is been described in complete detail in Overview segment of the document.

Bank identification number program also allows you view all bins for an item in selected warehouse & it allows you access the detailed information about every Bin record. Fields from Bin record, which are displayed in Lookup are customized, however they generally include Bin Code, Item Number, total quantity of item in a bin, committed quantity of item in a bin, and remaining free quantity in a bin.

What Bank Identification Number Mean?

First 4 to 6 digits of the credit card and bank identification number generally identifies institution issuing a card. And it is very important to the right matching of the transactions to issuer of charge card. The prefix system as well applies to the debit cards, electronic benefit cards and charge cards.

Even though it is called as the Bank identification number, the BINs are as well used by some other institutions, like the American Express. As more and more numbers of the issuers are now opting in the bank identification numbers network, the term IIN also known as issuer identification number is used increasingly and interchangeably with the BIN.

Prefix system is as well used in order to help to identify the potential safety breaches and identity theft, just by comparing these things as a location of issuing institution as well as address of credit card holder.

FlorianZippel - About Author:
The prefix system as well Bin Lookup applies to the debit cards, electronic benefit cards and charge Bank Identification Number cards.

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