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BIN Verification

Overview

BIN verification validates the Bank Identification Number at the start of a payment card to identify the issuing bank, card brand, product type, and country. This enrichment supports fraud controls, routing, surcharge rules, and compliance checks such as cross border restrictions or high risk jurisdiction flags. Accurate BIN data helps detect mismatches between card attributes and user claims, highlights prepaid or commercial products, and improves 3DS or step up decisioning.

Programs must use reliable, frequently updated sources because BIN ranges change and can overlap. Privacy and security require avoiding storage of full card numbers and following PCI standards. Combined with device intelligence, velocity, and chargeback analytics, BIN verification reduces counterfeit acceptance, enhances risk scoring, and supports fair authorization decisions.

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Related Terms

Chargeback Fraud

Velocity Checks

Transaction Risk Scoring

FAQ

Why do BIN tables need frequent updates?

Issuers expand and reassign ranges. Stale data causes routing errors and false signals that either block good customers or miss risk indicators.

How does BIN help fraud detection?

Country or product type mismatches, prepaid indicators, and unusual merchant category combinations raise risk and can trigger step up or declines based on policy.

Is BIN verification enough on its own?

No. Treat it as one feature. Combine with device, IP, behavioral, and historical signals for robust decisions in card not present environments.

Any compliance considerations?

Follow PCI, limit storage to necessary tokens, and avoid logging full PANs. Document data sources, update cadence, and usage in risk models.