BIN Lookup: Transform Transaction Data into Intelligence

Q: What are the benefits of using a BIN lookup service?

The Bank Identification Number (BIN) provides a large amount of useful information about the payment card, such as details on the issuing bank and country, card brand, and card characteristics (e.g. debit card, prepaid card). You can use this information to route your payment transactions to reduce your fraud, improve authorizations, and lower your interchange costs.

Q: How can I access the data?

You can receive BIN data through the IXOPAY Hosted iFrame, Mobile API, or standalone API. If you purchase the Enterprise package, you also have access to a file containing the full BIN database.

Q: What data is available? How frequently is it updated?

The data is updated on a weekly basis. Card Issuer • Issuing bank name, country, and currency • Whether the issuing bank supports network tokenization Card Details • Card brand name and card product name • Consumer or commercial card • Prepaid card or reloadable prepaid card • Card type (e.g, debit or credit) Interchange • Interchange regulations and estimated interchange costs • Level 2 and Level 3 interchange rate eligibility Regulatory • Customer authentication requirements (e.g., PSD2 – SCA) • Domestic-only • Permitted for online gambling

Q: What card networks are supported?

The following card networks are supported: Accel AMEX ATM Card Bancontact Carte Bancaire Cirrus Culiance Dankort Diners Club Discover EFTPOS_Australia ELO Hipercard JCB Korean Local Maestro Mastercard MIR NYCE Paypal Private Label Prop Pulse Rupay Star UATP Unionpay Visa

Q: Why should I use IXOPAY instead of sourcing BIN data on my own?

IXOPAY BIN data comes from card brands and financial institutions, includes more than 70 data points, and is updated on a weekly basis.

Key Benefits

Improved Authorizations

BIN Lookup allows merchants to route transactions to processors with higher acceptance rates in specific regions, choose optimal card networks based on issuer information, and utilize dynamic currency conversion based on card origin.

Reduced Fraud

Identify high-risk card types, issuers, and geographic regions. By incorporating this data into existing fraud prevention strategies, merchants can reduce false declines and mitigate fraud risks more effectively.

Lower Costs

Decrease fraud losses with proactive detection and reduce interchange fees by optimizing transaction routing based on specific card elements.

Minimized Compliance Efforts

Ensure adherence to regional regulations such as GDPR, PSD2, and surcharging rules. When combined with IXOPAY’s Universal Tokenization, merchants can use card data without storing it on their systems, minimizing PCI scope and compliance costs.

How it Works

BIN Lookup unlocks the wealth of data available in a card's first 6-8 digits. With BIN Lookup, IXOPAY provides an enhanced data set with each transaction. From understanding buyer payment preferences and trends to customer demographic insights, BIN Lookup transforms your transactions into meaningful business intelligence.

What You Get

Better Business Intelligence

With an abundant data set, your business can make better decisions and more accurately forecast changes in customer payment preferences and behavior.

Easy Integration

Receive BIN data through the IXOPAY Hosted iFrame, Mobile API, or standalone API. Enterprise packages include file access to the complete BIN database.

Risk Rules

Create customized risk rules based on BIN country, card type, brand, and other parameters. Perform velocity checks and set thresholds for purchase amounts to proactively filter for fraud.

Weekly Data Updates

IXOPAY BIN data comes from the most reliable providers. BIN tables are updated weekly in partnership with card brands and financial institutions and include more than 70 data points.

“Die Zusammenarbeit mit IXOPAY ist fantastisch. Es ist einer der besten Anbieter, die wir haben. Der Support ist hervorragend.”

Fabien Mollinari, Payments Product Manager bei Aer Lingus

FAQ

What are the benefits of using a BIN lookup service?

How can I access the data?

What data is available? How frequently is it updated?

What card networks are supported?

Why should I use IXOPAY instead of sourcing BIN data on my own?

BIN Lookup