http://www.bindb.com/fraud-prevention.html A few online fraud prevention can be executed when you are alert to techniques useful to buy your information and refusing to divulge your own credit card facts, passwords or any other monetary needs.

2. What is BinDB.com?
BinDB.com was founded in 2009 by a group of ambitious and experienced IT professionals
that are dedicated to providing revolutionary and complete anti-fraud services.
The idea of creating as complete a BIN database as possible has been in our heads for more
than five years before we started to actually collect the data and conduct the research. The
BinDB.com founders have years of experience in online based businesses. As we faced the
problem with online fraud and chargebacks, the need for extensive Bank Identification
Number database was growing more and more witch each online business we started. In
early 2006 we started gathering materials and conducting research on a new ambitious
project to create a complete online anti-fraud system to help prevent online fraud and
reduce chargebacks.
Since the idea began to emerge in 2006 our team has grown exponentially to meet the
demands of the massive project BinDB.com has become. As we worked and gathered the
BINs our developers and researchers came to develop a set of tools which allowed us to
verify the validity of different Personal Identity Documents such as ID cards and International
Passports. Finally in 2009 we decided to unite all our privately used tools and the already
enormous Bank Identification Number database into one product which came to be
BinDB.com.

3. What is BinDB.com?
The work on the product and all tools continues every day and we constantly strive to better
our service to meed the growing demand of complete anti-fraud package for medium and
large online businesses. Join our service and make the next step to the successful growth of
your commercial online projects.
BinDB.com is property of BinDB LLC, 16192 Coastal Hwy Lewes, DE 19958 USA

4. Fraud Prevention - Use of bank
identification numbers data
How do bank identification numbers help in fraud prevention?
Online transactions are all the rage today, with more and more customers opting to make use
of online transactions to buy the coveted products. As online transactions grow rapidly with
each passing day, fraudulent activities have also cropped up to erode the profits of merchants
in the process. For merchants, online fraud prevention and detection is the need of the hour,
where diligent use of bank identification numbers data is sure to help a merchant screen a
suspicious order and enhance fraud prevention measures in the bargain.
How do bank identification numbers help in fraud prevention?
Bank identification numbers offer valid information on credit and debit cards, which
encompass details like the brand of card to know whether it is Visa or MasterCard, type of
card, and the level of card to know whether it is Gold or Classic, among the other relevant
details of the credit and debit cards that gets used during online transactions. In simple
terms, with the bank identification numbers, a merchant finds an ideal fraud protection
measure that can throw more light on the card and its user.

5. Fraud Prevention - Use of bank
identification numbers data
But, gaining access to supplementary information that stretch beyond the six digit
card numbers, equips a merchant with the needed fraud protection measure that
can put a stop to suspicious transactions. By making use of the supplementary
information, a merchant can enhance the risk management components by way of
the data obtained through the information, which in turn helps a merchant to
know if a fraudulent activity is attempted through an online transaction.
The bank identification numbers data sounds a warning bell when the country of issue is
different from the country of intended delivery. To buttress fraud protection, the extensive
bank identification numbers database helps a merchant to check the authenticity of
questionable orders. For instance, when a card issued by a bank found in the USA is put to
use to buy and ship a product to Belarus, the attempted transaction can be reviewed and
screened before taking steps to complete the order process, which is the ideal way to put
fraud protection in place.
Why bank identification numbers data serve as best fraud protection measure?

6. Fraud Prevention - Use of bank
identification numbers data
By gaining access to an extensive bank identification numbers database that unveil
records of users on a large scale, a merchant is making sure to embrace the best
fraud protection measure to differentiate a genuine credit card from that of a fake
card that looks similar to the original.
Keeping a check on the customer chargeback ratio is one of the significant features
that demand the attention of the online merchants. High customer chargeback
ration can erode the reputation and profits of a business. By cancelling
transactions that reek of fraudulent activities, the online merchant is not only
embracing the best fraud protection measure, but is also embracing the best
measure to keep the customer chargeback ratio in check. This is made possible
only when the online merchant gains access to an extensive bank identification
numbers database.
By using BIN database, an online merchant can make use of a host of information
to enhance fraud protection. The information includes details about the card, bank
that issued the card, personal information related to the card holder, and other

7. Fraud Prevention - Use of bank
identification numbers data
relevant information, which can be used to double check the authenticity of a
transaction, and to know if it’s the right owner of a card who is attempting to make
an online transaction. Gaining access to the bank information numbers database is
the best way to enhance fraud protection measures, and to thwart duplicitous
attempts made by miscreants.
Try our online BIN database

8. Reduce Chargebacks with Bank
Identification Numbers
Here is method that help to lower the number chargebacks
A Banks identification number (BIN) is a set of first four to six digits on a credit card, debit
card, electronic benefit card or a charge card, used to identify the issuing Institution and its
address, type of card and other details on the card.
Learn what you can do to reduce chargebacks and prevent fraudulent transactions when
selling online. An increase in global transactions and movement of people requires critical
and accurate matching information about the transactions between the merchants or card
holders, card issuing institutions, and the banks being used for transactions. For example, a
misunderstanding may arise where by a merchant withdraws more funds than agreed upon
in the transaction, from the card of the client.
The client’s issuing bank will forcibly initiate a return of the excess funds to the owner’s bank
account, credit card, debit card or charge card. A situation in which excess funds are returned
to the owner is known as a chargeback. A chargeback helps reverse a fraudulent transfer.
Here is method that help to lower the number of enquiries you receive and reduce the
number of chargebacks.

9. Reduce Chargebacks with Bank
Identification Numbers
Advantages of Bank Identification Numbers
1. Fraud prevention
Bank Identification numbers help to match information between merchants and
their customers so as to avoid fraudulent transactions. A fraudulent transaction
that involves a chargeback is more likely to affect the merchant’s business and may
lead to a closure of the merchant’s account. In some incidences, criminal
investigations will be launched against the business owners with possibilities of
prosecution. It is internationally agreed that the customer chargeback ratio should
not exceed 2.5%. A bank Identification number helps the merchant to receive
notice of excess withdraws and this allows the cancelation of transactions that
might be considered fraudulent. The Merchant would also be able to determine
the percentage chargeback, so as to avoid a situation leading to the closure of the
account.

10. Reduce Chargebacks with Bank
Identification Numbers
2. Reduce chargebacks
The growth in online business has been followed by matching proportions in
online fraud. There is an increase in the use of fraudulent credit cards ma situation
that is likely to affect the chargeback ratios of business owners. A bank
identification number will help merchants identify card holders and card issuers.
The identification numbers are representative of the issuing company and the
bank and this will help you validate the accuracy of the card before approving a
transaction.
3. Risk Management
A number of newly opened businesses on the internet are a possible target of
fraud organizations. Many tend to receive numerous orders for their good and
services from these organizations and may end up making many shipments
.Because most fraudulent companies use forged or stolen cards, these businesses
will incur heavy losses than may possibly lead to closure and at times high risks of
chargeback bank Identification Number is one way a newly opened business
owner can prove the identity and accuracy of the destination of the goods.

11. Reduce Chargebacks with Bank
Identification Numbers
Merchants have a chance to cross check the information of the country of delivery
before actually sending the goods. For example, a person credit card issued in
London and sending goods to Uganda will have the information crosschecked
before the goods are actually sent to Uganda.
Try our online BIN database

12. Thank You