The first digit on your card is known as the Major Industry Identifier , which indicates a general category the card falls into. For example, the numbers 4 and 5 are for banking and financial cards—mostly Visa and Mastercard, respectively—while the number 1 is for airline cards. After the Major Industry Identifier, the next three or five digits under the BIN determine the issuing party. A BIN may also be referred to as an Issuer Identification Number , given that banks are not the only institutions that issue payment cards. Traditionally, bank identification numbers have been the first six digits on a payment card, but this will shift to eight digits beginning in 2022.
Many fraud prevention tools will use the BIN, among other information, to detect potentially fraudulent transactions. Bank identification numbers are used to distinguish one card issuer from another. In addition to fraud protection, BINs have made shopping online a possibility for consumers by providing a secure payment process. By law, you can ask us what information we hold about you, and you can ask us to correct it if it is inaccurate. If we have asked for your consent to process your personal data, you may withdraw that consent at any time. If we are processing your personal data for reasons of consent or legitimate interest, you can request that your data be erased. You have the right to ask us to stop using your information for a period of time if you believe we are not doing so lawfully.
Bank Identification Number Bin
Finally, in some circumstances, you can ask us not to reach decisions affecting you using automated processing or profiling. A BIN Number or Bank Identification Number is assigned to a bank for its own credit card issuance.
- For developers kindly check out API lookup which allow you to integrate our tools in your system.
- On July 23, 2014 JSC NSPK was established in the Russian Federation.
- The BIN is used as a marker to verify the authenticity of the transaction.
- In this illustration, the first six digits are traditionally called the Bank Identification Number.
- The BIN identifies which card network and issuer are responsible for that particular card.
- BINs also provide merchants with valuable data that can be analyzed for information about customer demographics, changing purchasing patterns, and chargebacks.
- The last digit on your card is the Luhn check digit, a single check digit generated using the Luhn algorithm, which is used to quickly check if a credit card number is valid.
The number is embossed on the front of the card and appears in print just below as well. The bank identification number or issuer identification number system is a global numbering plan used to identify card issuers. When you use your debit or credit card to make a purchase online or in a store, the BIN is used to determine your card issuer. The remaining digits on the card are used to process the transaction. The first digit of the card number is the Major Industry Identifier, or MII, and it possesses a certain significance on its own. The MII identifies the category or type of institution which issued the card. Visa- and MasterCard-branded cards, for example, are primarily issued by banks, and so they are classified as financial payment cards.
Pci Data File: Payment Card Identification Directory
Rebecca Lake has over a decade of experience researching and writing hundreds of articles on retirement, investing, budgeting, banking, loans, and more. She has been published by well-known finance brands including SoFi, Forbes, Chime, CreditCards.com, Investopedia, SmartAsset, Nerdwallet, Credit Sesame, LendingTree, and more.
A bank identification number is a six-digit number used to identify payment card issuers. Bank-issued debit cards, credit cards, prepaid debit cards, gift cards, and electronic benefit cards can all have bank identification numbers. The term bank identification number refers to the first four to six numbers on a payment card. This set of numbers identifies the financial institution that issues the card. As such, it matches transactions to the issuer of the card being used.
Binlist Of Visa Bin, Mastercard Bin, Amex Bin
For instance, they compare it to the geographic area identified by the unique BIN number. Occasionally, some refer to BIN Numbers as an IIN or Issuer Identification Number. The first 6 digits of a credit card number are known as the Issuer Identification Number , previously known as bank identification number . BIN is beneficial to identify a card brand, issuing institution or bank, country of issuance, card type and category of cards.
The validation tools created base on updated BIN database & mathematical calculations. For developers kindly check out API lookup which allow you to integrate our tools in your system.
Example description of the values and data fields in bin table below based on Issuer identification number Lookup. Based on a survey of over 400 US and UK merchants, the report presents a comprehensive, cross-vertical look at the current state of chargebacks and chargeback management. EMV Certification requires acceptance of a 19-digit Visa card (ADVT 6.1.1 Test Case 2) and Discover Card (E2E Test Plan v1.3, Test Case 06). On November 3, 2014, MasterCard announced that they were introducing a new series of BIN ranges that begin with a “2” (222100–272099). The “2” series BINs will be processed the same as the “51–55” series BINs are today. IIN length has been extended to 8-digits in fifth edition of ISO/IEC 7812 published in 2017 and PAN will continue to remain variable length, ranging from 10 to 19 digits. The PCI Data File provides an extract of the BIN Directory data we have available.
- These include white papers, government data, original reporting, and interviews with industry experts.
- For instance, they compare it to the geographic area identified by the unique BIN number.
- Businesses and institutions can protect themselves against fraudsters using techniques like BIN attacks with an adaptive and responsive fraud protection platform.
- Bank-issued debit cards, credit cards, prepaid debit cards, gift cards, and electronic benefit cards can all have bank identification numbers.
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Bank identification numbers are used to identify which payment cards belong to which issuing financial institution. But aside from that, they help facilitate financial transactions and ensure that consumers are protected from identity theft and fraud. That’s why it’s so important to keep your financial information, including your BIN, confidential. A bank identification code, which is also known as a bank identifier code, is a special code made up of eight to 11 digits. It is an international standard that identifies a bank or non-financial institution whenever someone makes an international purchase or transaction. The former is part of the SWIFT network and are called SWIFT codes while the latter is generally used for reference only. By performing an IIN Lookup you can also identify the financial institution name of co-branded cards.
Payment Card Number
“Bank Identification Number,” or BIN code, refers to the initial sequence of four to six numbers that appears on a credit card. The number is used to identify the card’s issuing bank or other financial institution.
What do the first 4 digits of a credit card mean?
They do, actually. First digit is 4 for VISA, 5 for Mastercard, 6 for Discover/Diners Club, 3 for American Express/Diners Club (those are shorter than 16). Also, first 6 digits for Visa and Mastercard are code numbers for the issuing institution.
They then test the numbers using small transactions through online retailers until they find a valid and active card number. In the United States, IINs are also used in NCPDP pharmacy claims to identify processors, and are printed on all pharmacy insurance cards. None of the data you enter on this site will be stored or cached on our servers.
How Can Bins Prevent Fraud?
The first six digits on a credit card constitute the Bank Identification Number, otherwise known as the BIN number. A BIN identifies the institution that issues the credit or debit card. The American Bankers Association manages the ISO Register of BINs and Issuer Identification Numbers for US banks. Online merchants use BINs as an extra measure to confirm the geographic area where the cardholder is located.
The PCI Data File membership also comes with 12 months of updates to the data file. Don’t forget to try the bin checker tool at the top of the page to test for yourself. Requests are throttled at 10 per minute with a burst allowance of 10. If you hit the speed limit the service will return a429 http status code.
This can be useful for tracking instances of fraud and identity theft. If you use payment cards, then it’s helpful to understand what a BIN is and why it matters. This free online bin database checker is a demo of our corporate service. To avoid the limitations of the free BIN search, you can purchase our payment card identification products from the order section. The BIN is a numbering convention developed to identify which particular institution issued a given credit card or other bank card, and what type of institution it is. It’s essentially the bank’s calling card; each card-issuing bank has a unique BIN. Let’s say a customer uses their bank card at the gas pump when they fill up their tank.
How long do you go to jail for credit card theft?
Penalties for Credit Card Fraud
Credit card fraud that involves the theft of the card or the number typically has a prison sentence of 1 to 5 years. Identity theft is treated much more harshly with prison sentences up to 10 or 20 years.
BINs can be found on various payment cards, including credit cards, charge cards, and debit cards. This is a set of four to six numbers randomly assigned to debit cards, credit cards, charge cards, gift cards, electronic benefit cards, and other payment cards.
This is what makes it easy to tell card issuers apart if you’re familiar with how BINs work. For example, if a card’s IIN indicates a bank in one country, while the customer’s billing address is in another, the transaction may call for extra scrutiny. A reference number is a unique identifier assigned to any financial transaction including those made using a credit or debit card. For example, Visa credit cards start with a four, which falls under the banking and financial category. The rest of the numbers that don’t fall under the BIN are the individual account identification numbers. The last digit on your card is the Luhn check digit, a single check digit generated using the Luhn algorithm, which is used to quickly check if a credit card number is valid.
BINs are also referred to as IIN , since not all cards are issued by banks. Institutions such as American Express issue cards that incorporate BIN data as well as many prepaid and virtual gift cards like PayPal, Walmart and netSpend. There are additional ways that BIN, IIN and MII numbers can be used to help merchants analyze and assess their payment card transactions. More–and more accurate–information can lead to more efficient operations, but the analysis process can be quite involved. When you make a purchase or transaction, the issuing institution receives a request for authorization. This request attempts to verify the legitimacy of the account and whether the funds are available. The primary purpose is to allow merchants to evaluate and assess payment card transactions.