How to Generate Credit Card using BIN - 2020
If you are involved in e-commerce, you probably know the importance of credit card validation. And if you work with Service Objects, you may have at least a passing familiarity with credit card Validation service, which helps you fight fraud by checking the validity of incoming credit card numbers. But do you know how BIN search works, or where it fits in the overall ecosystem of credit card verification strategies? This is one area where knowledge is truly power. You see, there is no single “best” approach to credit card validation. If you use a strict approach to flag suspicious cards, you may also lose a lot of sales (and still have fraud issues). If you try to maximize your sales through more relaxed business rules, you may get eaten alive by fraudulent transactions and chargebacks – or even lose your merchant account and ability to do business. So knowing your business needs and your options are the keys to being an educated and protected credit card processing merchant. It all s...