That we are living in a cashless society is a fact that is known all too well. Shoppers are no longer carrying bags of cash to pay for goods or services. This trend has been replaced by credit and debit cards which are now used to pay for goods and services. An even newer and more convenient trend is being able to shop with your card even when you are not physically present. This is all thanks to the ecommerce industry which only needs the number of your card for a transaction to be authorized. Have you ever stopped to think of how safe your cash is when using your financial card online? If you have not, it is about time you do because financial card frauds are becoming the norm and as you do, think of bin-base.info and their BINbase database to keep your money safe.
What is a BinBase database?
Perhaps you are wondering what a BinBase database is, what it has to do with financial cards and how it can keep your cash safe. If you are, read on to find out.
A BinBase database in simple terms is a system that is used to accurately and rapidly check the details of a compound which in this case is a BIN. BIN is an abbreviation for Bank Identification Number which is composed of the first six digits in any financial card. In recent days, the BIN has been more commonly referred to as the IIN (Issuer Identification Number). This is because as opposed to previous times, financial institutions that are not necessarily banks have been allowed to issue financial cards.
The BIN or IIN number is useful in giving complete details of a financial card when looked up in a BinBase database. Usually, all genuine buyers and sellers in ecommerce will perform a BinBase search on any financial card before authorizing any transaction that is being carried out. When the search of the BIN or IIN is performed, it will yield an accurate BinBase list of the details of the financial card such as the issuer and the person to whom the card is registered to. If someone has hacked into your card and is trying to use it; say in another country to perform a transaction, it is highly likely that a query will be raised and the card flagged as suspicious for further investigation. In this way, a BinBase database is able to keep your credit card safe. The chances of fraud being detected before it occurs are very high when using a BinBase database.
For the best results, you will need a BinBase database that is reliable. It should have a highly accurate and frequently updated BinBase checker to guarantee authentic results. Simple BINbase software is also imperative for ease when performing a BinBase search.
