Enter the BIN number in the space provided for that section.How to perform the BIN Lookup to validate, verify & check BIN?įor the BIN search and BIN lookup, perform the following steps. The transaction will be approved if the customer has sufficient balance or declined if not. The system will forward an authorization request to the customer's account and be authorized within a few seconds. When the customer swipes the card, the system detects its BIN and identifies the card issuer institution. Suppose a customer uses their payment card at a fuel filling station to fill their tank. The system helps financial institutions identify stolen payment cards and prevent identity theft. It will be readily recognizable by its BIN. That means if the card was issued for the USA and represented in another country for processing. It identifies the issuer authorized to receive the request to verify if the card or account is valid and if the requested amount is in the account. Overall, BIN helps identify the financial institution that issued the payment card. The following five digits of BIN represent the issuing bank or financial institute that issued the card. The number 4 represents the Banking and Finance industry. For example, 0 represents the ISO / TC 68 and other industry duties. The MII ranges from 0 to 9, representing different industry categories. The first digit of the BIN identifies the industry in which the card is mainly used, called Major Industry Identifier (MII). The cardholder generally does not know much about BIN, but it's essential. Breaking down of Bank Identification Number (BIN) It's embossed on each credit, debit, gift, stored value, or similar card in circulation and appears in print below it.Įach card number is regulated under international standards (ISO/IEC 7812) to ensure that no two cards share the same number. A pivot point binds the card's issuer with its transaction.īIN is the first four to six-digit number on any payment card issued by the bank or other financial institution, also called IIN (Issuer Identification Number). The Bank Identification Number (BIN) or Issuer identification number (IIN) is the numbering system designed by the American National Standards Institute (ANSI) and the International Organization for Standardization (ISO) to identify the financial institutions issuing the payment cards. 8 represents the Check digit / Checksum to validate the Card Number by the credit card validator.65 4675 85 represents the Account number.3703 51 represents the BIN number or IIN code.3 represents the Major Industry Identifier.For example, a credit or debit card format generated by a credit card generator looks like 3703 5165 4675 858. Credit and Debit Card Number FormatĪs per ISO/IEC 7812, the Credit & Debit Card number can be up to 19 digits in length. It tells which bank and its branch issued that card. The BIN lookup fetches the card issuer details and facilitates identifying the issuing bank by the card.
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