BIN (Bank Identification Number)

A Bank Identification Number (BIN) is the initial six digits of a credit or debit card number. It serves to identify the financial institution that issued the card and the card brand (Visa, Mastercard, Amex, etc....).

Bank Identification Numbers in Travel

‍BINs help travel companies assess the card type and issuing bank, aiding in fraud detection and transaction approval processes.

Challenges of Bank Identification Numbers‍

Fraudsters may use stolen cards with valid BINs, requiring businesses to implement additional security measures.

Key Takeaways

• Identifies the card issuer.
• Aids in fraud detection.
• Must be used carefully to avoid false declines.

How Can Felloh Help with Bank Identification Numbers?

‍Felloh leverages BIN data to enhance fraud detection and transaction approval processes, ensuring legitimate bookings are processed smoothly for travel businesses.