Bin databases are used by all small or large firms for reliable checking of financial cards and to ensure trouble free business. Bin stands for bank identification number which serves as a signature for identification of all types of cards. The six digits which constitute bin reveals a lot of information needed to rule out the possibility of financial frauds.
Bin amex is the bin database comprising of bank identification numbers of American express cards. Bin visa and bin master card are dedicated databases of visa and mastercards respectively. The advantage of bin amex is that the merchant do not need to invest in the whole set of bin database when the majority of his customers can or are using American express cards alone.
Benefits of bin amex varies from protection from credit card frauds to fast approval of transactions. The cashless transactions are still on the rise and the need for good anti fraud measures has resulted in custom made solutions like bin amex. Such solutions are far result oriented and contain the most accurate and reliable data. The data of course can be derived either from general databases or from commercially available data bought from card payment processing companies.
The latter is much comprehensive and the bin amex is one such. The details of American Express cards are derived from the service provider directly and this helps in an accurate verification of credit or debit card. Apart from the common classic credit, debit and charge cards, bin amex also offers details on bin numbers of cards such as Black, Blue Cash, Blue for Business, Blue Cash, Bonus, Business, Business Platinum, Cash rebate, Centurion, Citic, Corporate Card, Delta etc.
All these cards vary in their nature and limits of coverage and international payment terms etc. A bin amex contains the latest and up to date information on these cards and the details are therefore of use where firms process claims majorly from such cards.
The bin amex database is really fast enough to allow online and live checking of cards. It takes less than the time it takes to swipe to verify the contents of bin amex database. The bin amex system after verification issues a warning if there are any suspicions for the transaction. This can be linked to accounting software that automatic filtering features can be enabled. On receiving the warning from bin amex, the customer can choose to allow or stop the financial transaction.
Apart from the regular online shopping malls which process large number of credit and debit cards, there are insurance companies which rely on databases such as bin amex for their sustenance. The bin amex is therefore used to verify the insurance frauds also. Medial firms which process insurance claims are also increasingly relying on bin amex for verification of the claims.
Apart from these superficial benefits, bin amex also helps in securing the finance by being linked to e-commerce platforms. When there is a suspicious transaction, the bin amex raises a warning which is passed on to e-commerce platform and the system can be modified to stop transaction for such cases.
Showing posts with label Card. Show all posts
Showing posts with label Card. Show all posts
Wednesday, September 26, 2012
Saturday, July 7, 2012
Credit Card Debt Consolidation Relieves Cardholder Burden
Being in debt up to your eyeballs with credit card companies can leave you feeling like you have nowhere to turn. Oftentimes, a cardholder will have such a large amount of accumulated credit card debt that they are actually using the bulk of their income that comes in each month in order to pay just the minimum monthly payments that are charged by the credit card companies.
This can lead to even more credit card use, and thus begins a cycle of buy now, pay much, much later. The problem with this arises in that credit card companies oftentimes charge borrowers up to 19.99% or more interest on their existing balances. What this really translates to is that you will need literally decades to pay off the credit card debt that you owe, and that you will be paying a ton of extra money for the pleasure of paying over a long period of time.
Free Yourself From Burden of Debt
Many credit card holders are simply stuck in a rut when it comes to the usage patterns that they have for their credit cards. It is so easy, convenient, and hassle free to charge purchases. And with the cost of living at an all time high, many credit cardholders have become dependent upon their credit cards in order to meet the everyday expenses that they have for themselves and their families. But the credit card bill adds up fast, and so does the interest that is stacked upon what you owe your credit card company. Debt consolidation is the answer to becoming debt free and having more money in your wallet during the month to pay for things that you need without using high interest credit to do so.
How Consolidation Of Credit Card Debt Works
Consolidation of your multiple credit card accounts is simple. You will choose a lender that you feel offers good rates and the payment plan that you can live with. Your lender will pay off the balances on your credit cards, effectively causing them to balance out at zero. You will make a monthly payment to your consolidation company in lieu of paying multiple credit card companies.
The best part of credit card consolidation is that instead of making many payments that usually do not even encompass the interest that is owed on your credit card accounts; you will pay just one payment with a lower interest rate that will be actually cutting down the total amount you owe every month. This allows you to see the light at the end of the tunnel when it comes to becoming debt free, and you will find that you are able to pay your debts off much faster and at a cheaper rate.
Choosing A Debt Consolidation Company
There are many debt consolidation companies doing business out there. Be careful to select one that has a proven track record to avoid any possible scams. A good debt consolidation company can offer you a great rate of interest on your credit card debt consolidation and a payment plan that works with your income.
This can lead to even more credit card use, and thus begins a cycle of buy now, pay much, much later. The problem with this arises in that credit card companies oftentimes charge borrowers up to 19.99% or more interest on their existing balances. What this really translates to is that you will need literally decades to pay off the credit card debt that you owe, and that you will be paying a ton of extra money for the pleasure of paying over a long period of time.
Free Yourself From Burden of Debt
Many credit card holders are simply stuck in a rut when it comes to the usage patterns that they have for their credit cards. It is so easy, convenient, and hassle free to charge purchases. And with the cost of living at an all time high, many credit cardholders have become dependent upon their credit cards in order to meet the everyday expenses that they have for themselves and their families. But the credit card bill adds up fast, and so does the interest that is stacked upon what you owe your credit card company. Debt consolidation is the answer to becoming debt free and having more money in your wallet during the month to pay for things that you need without using high interest credit to do so.
How Consolidation Of Credit Card Debt Works
Consolidation of your multiple credit card accounts is simple. You will choose a lender that you feel offers good rates and the payment plan that you can live with. Your lender will pay off the balances on your credit cards, effectively causing them to balance out at zero. You will make a monthly payment to your consolidation company in lieu of paying multiple credit card companies.
The best part of credit card consolidation is that instead of making many payments that usually do not even encompass the interest that is owed on your credit card accounts; you will pay just one payment with a lower interest rate that will be actually cutting down the total amount you owe every month. This allows you to see the light at the end of the tunnel when it comes to becoming debt free, and you will find that you are able to pay your debts off much faster and at a cheaper rate.
Choosing A Debt Consolidation Company
There are many debt consolidation companies doing business out there. Be careful to select one that has a proven track record to avoid any possible scams. A good debt consolidation company can offer you a great rate of interest on your credit card debt consolidation and a payment plan that works with your income.
Wednesday, May 30, 2012
Buy Best Credit Card In The Market
Do you want to know about the different credit cards available in today's market? Then do some internet surfing. The requirement for credit card naturally depends on the type of user you are. When you are applying for credit cards then you should know about all your basic needs otherwise at the end you will buy credit cards which won't match with your basic needs. You should all see your spending habits.
How much you save at the end of each month. Well these are few features which are quite important when you plan to buy diner credit cards, visa credit cards or other credit cards in Dubai. Maximum people in this world generally buy credit cards for some business purpose. Thus if you are thinking of buying visa credit card in this nation then you better consider number of things. You should be aware of all the requirements.
When you are in some kind of debt then credit card options becomes very less. Purchasing credit card will take extra interest rates. You need to see credit card which offers with less interest rates even when you are in debt. Thus you should research if you are looking for different credit cards. In the industry of credit cards standard chartered credit card is very popular.
A good market research is required before you apply for credit card. There are nearly 200 cards for customers that they can pick. Many businesses as well as personal credit cards are offered within the market which meets the credit needs of several financial niches. Credit cards will definitely match particular state. However if you buy credit card then you better check features and compare credit cards.
Before buying any credit card you should see your lifestyle and spending habits. This will reflect your needs and accordingly you can buy credit card.
How much you save at the end of each month. Well these are few features which are quite important when you plan to buy diner credit cards, visa credit cards or other credit cards in Dubai. Maximum people in this world generally buy credit cards for some business purpose. Thus if you are thinking of buying visa credit card in this nation then you better consider number of things. You should be aware of all the requirements.
When you are in some kind of debt then credit card options becomes very less. Purchasing credit card will take extra interest rates. You need to see credit card which offers with less interest rates even when you are in debt. Thus you should research if you are looking for different credit cards. In the industry of credit cards standard chartered credit card is very popular.
A good market research is required before you apply for credit card. There are nearly 200 cards for customers that they can pick. Many businesses as well as personal credit cards are offered within the market which meets the credit needs of several financial niches. Credit cards will definitely match particular state. However if you buy credit card then you better check features and compare credit cards.
Before buying any credit card you should see your lifestyle and spending habits. This will reflect your needs and accordingly you can buy credit card.
Monday, May 28, 2012
Bin Amex For The American Express Card Verification
Bin databases are used by all small or large firms for reliable checking of financial cards and to ensure trouble free business. Bin stands for bank identification number which serves as a signature for identification of all types of cards. The six digits which constitute bin reveals a lot of information needed to rule out the possibility of financial frauds.
Bin amex is the bin database comprising of bank identification numbers of American express cards. Bin visa and bin master card are dedicated databases of visa and mastercards respectively. The advantage of bin amex is that the merchant do not need to invest in the whole set of bin database when the majority of his customers can or are using American express cards alone.
Benefits of bin amex varies from protection from credit card frauds to fast approval of transactions. The cashless transactions are still on the rise and the need for good anti fraud measures has resulted in custom made solutions like bin amex. Such solutions are far result oriented and contain the most accurate and reliable data. The data of course can be derived either from general databases or from commercially available data bought from card payment processing companies.
The latter is much comprehensive and the bin amex is one such. The details of American Express cards are derived from the service provider directly and this helps in an accurate verification of credit or debit card. Apart from the common classic credit, debit and charge cards, bin amex also offers details on bin numbers of cards such as Black, Blue Cash, Blue for Business, Blue Cash, Bonus, Business, Business Platinum, Cash rebate, Centurion, Citic, Corporate Card, Delta etc.
All these cards vary in their nature and limits of coverage and international payment terms etc. A bin amex contains the latest and up to date information on these cards and the details are therefore of use where firms process claims majorly from such cards.
The bin amex database is really fast enough to allow online and live checking of cards. It takes less than the time it takes to swipe to verify the contents of bin amex database. The bin amex system after verification issues a warning if there are any suspicions for the transaction. This can be linked to accounting software that automatic filtering features can be enabled. On receiving the warning from bin amex, the customer can choose to allow or stop the financial transaction.
Apart from the regular online shopping malls which process large number of credit and debit cards, there are insurance companies which rely on databases such as bin amex for their sustenance. The bin amex is therefore used to verify the insurance frauds also. Medial firms which process insurance claims are also increasingly relying on bin amex for verification of the claims.
Apart from these superficial benefits, bin amex also helps in securing the finance by being linked to e-commerce platforms. When there is a suspicious transaction, the bin amex raises a warning which is passed on to e-commerce platform and the system can be modified to stop transaction for such cases.
Bin amex is the bin database comprising of bank identification numbers of American express cards. Bin visa and bin master card are dedicated databases of visa and mastercards respectively. The advantage of bin amex is that the merchant do not need to invest in the whole set of bin database when the majority of his customers can or are using American express cards alone.
Benefits of bin amex varies from protection from credit card frauds to fast approval of transactions. The cashless transactions are still on the rise and the need for good anti fraud measures has resulted in custom made solutions like bin amex. Such solutions are far result oriented and contain the most accurate and reliable data. The data of course can be derived either from general databases or from commercially available data bought from card payment processing companies.
The latter is much comprehensive and the bin amex is one such. The details of American Express cards are derived from the service provider directly and this helps in an accurate verification of credit or debit card. Apart from the common classic credit, debit and charge cards, bin amex also offers details on bin numbers of cards such as Black, Blue Cash, Blue for Business, Blue Cash, Bonus, Business, Business Platinum, Cash rebate, Centurion, Citic, Corporate Card, Delta etc.
All these cards vary in their nature and limits of coverage and international payment terms etc. A bin amex contains the latest and up to date information on these cards and the details are therefore of use where firms process claims majorly from such cards.
The bin amex database is really fast enough to allow online and live checking of cards. It takes less than the time it takes to swipe to verify the contents of bin amex database. The bin amex system after verification issues a warning if there are any suspicions for the transaction. This can be linked to accounting software that automatic filtering features can be enabled. On receiving the warning from bin amex, the customer can choose to allow or stop the financial transaction.
Apart from the regular online shopping malls which process large number of credit and debit cards, there are insurance companies which rely on databases such as bin amex for their sustenance. The bin amex is therefore used to verify the insurance frauds also. Medial firms which process insurance claims are also increasingly relying on bin amex for verification of the claims.
Apart from these superficial benefits, bin amex also helps in securing the finance by being linked to e-commerce platforms. When there is a suspicious transaction, the bin amex raises a warning which is passed on to e-commerce platform and the system can be modified to stop transaction for such cases.
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