How to use the information from credit card BIN files?

Are you aware of the fact that the information identified from credit card BIN can be used in order to increase the level of fraud protection and to improve your processing strategy? The additional information can be received from the first 6 digits of a bank card number by using pre-defined Bin-ranges. This information includes the following elements:

• the max length of PAN;
• name and the origin of the issuer;
• card type and IN capability;
• the list of the debit networks the card can be processed through;
• information on whether the issuer is Durbin-regulated or not;
• information on card usage for healthcare transactions;
• ways to identify pre-paid and gift cards;
• card class.

Now one more question arises how to use this information? If you are interested to find the answer to this question refer to the article at #Paylosophy. Hope it will be useful!