BIN - "Bank Identification Number " is used to identify the issuing bank. In English-speaking countries it is called PAN (Primary Account Number) or IIN - issuer identification number.
These are the first 6 digits of the card number, they are unique and help to identify the bank that issued the card during clearing, processing or authorization.
You can also find out the country of issue of the card, the type of the card and the payment system. The ISO/IEC 7812-1 format is regulated (according to SWIFT).
Usually a bank card contains all payment information and you can find it yourself. But it can happen that you only have the number of the card to which you need to transfer money.
If you know the meaning of different figures indicated on the front of the card you can find out such data as:
Note! Only bank employees have access to the personal data of cardholders.
To clarify this data the user can use any online card number identifier or our service Finanso™ BIN.
In addition, official online banking resources or applications can help you. When making a transaction at your client bank you can see information about the recipient of the funds.
Information about a financial institution is usually encoded in figures located on the front of the card. The main thing is to be able to extract the necessary data.
Usually a plastic card has a sixteen digits number. The identifier is divided into four blocks and each contains 4 characters. All codes carry certain information necessary for processing, clearing or authorization.
The first 6 digits represent the BIN (Bank Identification Number) – the bank identifier intended for data encoding. Such determinant is unique for each card type of a particular financial institution. This parameter enables you to find out information about the issuing bank and the country the card belongs to and what type of a product it corresponds to.
The Primary Account Number (PAN) or Bank Identification Number (BIN) is a numbering system developed by the American National Standards Institute (ANSI) and the International Organization for Standardization (ISO) to identify institutions that issue various cards.
The first digits are the payment system name containing the following encoded information:
All payment cards are issued with a BIN number. This is a set of four to six different digits randomly assigned to debit cards, credit cards, payment cards, gift cards and other payment cards. The number is stamped on the front side of the card and in the case of fixed cards it is printed on the front side of the card. The first digit of the BIN indicates the main industry identifier.
The numbering system applies to credit cards, payment cards, prepaid cards, gift cards, debit cards and electronic discount cards. Correctness of digits sequence in a card number is compared to using Luna algorithm which is the system for calculating the check digit in a bank card number. It meets the standards of ISO/IEC 7812.
Categories include airlines, banking and financial services, travel or entertainment. The following numbers indicate the card issuing institution. For example, BIN for a Visa credit card starts with the number 4 which belongs to the banking and financial category.
Attention! Some cards, for security reasons, are issued without a number or other data. Their details can only be found in the mobile app.
An issuing bank or simply an issuer is a financial institution that issues / issues plastic cards. This organization is the sole owner of all types of cards that it issues.
Despite the fact that the payment product is issued on the basis of a contract with the client and is issued to the latter for permanent use, in fact, the card always remains in the ownership of the bank. This point must be specified in the agreement. And if you pay attention, it's always written on the back of the card. In this case, the future user of the card can either accept the terms or refuse them. In this case, the issue of plastic will be refused.
If we consider the concept from the point of view of legislation, the issuer is a legal entity that puts into circulation the following financial products:
Organizations of this type are subordinate to the main issuing and credit regulator in the United States.
Attention! Each payment card issuer registered and operating in the United States is required to obtain a corresponding license. Otherwise, the financial institution does not have the right to carry out banking activities, including the issue of plastic cards.
It can happen that you need to identify the bank card holder. For example, to return a lost or forgotten card at an ATM or on a counter. If the card is not registered and there is no name and surname of the owner on the front side then it is impossible to find out by a front side number.
Important! If you forgot your card at the ATM, don't worry. The ATM will jam your card and it is safe. Usually the terminal clamps it in 30 seconds in case the client has not taken the card from the card reader. In this case, you need to contact the bank using the phone number that is indicated on the ATM.
In the event of an erroneous transaction or finding of someone else's property, the only way out is to call the bank or visit the office. When making a payment via the Internet the recipient's data may be displayed in the program. In the USA this can be done through a bank-customers of popular banks.
If the card was detected in fraud with the account of a particular person the information about the attacker can only be specified through law enforcement agencies or the court. Bailiffs also have the authority to request the necessary data from the bank that issued the violator's card.
There are no other legal ways to get information about the cardholder. If a third party offers to sell such information it is illegal, fraud or deception. You should stay away from such dealers.
The need to get more information from the bank card number arises while transferring money from card to card or when the card is not accepted for payment. A similar situation occurs if database of the bank or the payment system identifies the card as foreign and the seller has a ban on processing payments from other countries.
Also, information for various payment restrictions by your card should be checked if you are going on a trip or plan to pay for tickets, car rental or hotel room reservation.
In addition, sometimes you need to find out what level the payment instrument belongs to. It may look like a Standard or Classic card, but in fact it is part of the group of premium Gold or Platinum products. There are vice versa situations as well when a card has the word Platinum on it but, in fact, it is a marketing ploy and the card belongs to Classic level. By the way, bank cards of premium levels have a number of interesting advantages which it makes no sense to deprive yourself of. For example, discounts on purchases or in restaurants, airline miles accrual, etc.
Note! If it turns out that the card belongs to a different standard than previously thought, it is better to reissue the card by contacting the issuing bank.
Any plastic bank card has its own unique number which can be either written or embossed on the front side. Recently banks have increasingly started printing a full set of card details on the back of the card.
This combination is unique and is assigned not by chance but according to the Luna algorithm. The card identifier by BIN helps to identify a financial institution in the international system. You may need it when making internal and external transfers as well as a number of other financial transactions.
The owner of the bank card is a person whose name is indicated in Latin letters on the front side of the card and whose signature sample is available on the back side.
Important! According to the rules of banks and VISA and MasterCard international payment systems you cannot give the card to third parties in order to avoid fraudulent actions.
Never pass the card into someone else's hands. You can not give the card in the hands of a waiter in a restaurant, store employees, taxi drivers, etc. It's not safe. If you are asked to pay then ask for a bank terminal and attach the card to it yourself.
Despite the fact that bank plastic cards today differ in a variety of colors and rich design, they are designed in a single standard in terms of size and specifications. Based on these standards (CR80) credit cards have the following parameters:
However, minor deviations are allowed which are expressed in specific numerical values:
In addition, the card does not have a completely rectangular shape but rounded corners. The radius is approximately 2.88-3.48 mm. The material of the product is plastic, in rare cases metal. As an example, a metal card Mastercard® Titanium Card™ or Amazon® Prime Rewards Visa® Signature Card.
On the front side are the logo and the name of the issuing bank, the card number consisting of 16-18 digits BIN/PAN/IIN, the card validity period consisting of four digits in the month/year format. You can also see the cardholder's first and last name, electronic chip and contactless payment system icon if the card supports PayPass® technologies from MasterCard® or Visa®payWave®. Also, if the owner participates in bonus programs of airlines or other partners of the bank the number of the bonus program participant may be located in the lower left corner of the card under the date.
The reverse side contains the following elements:
Attention! Until recently all cards had this graph. Now new plastic is produced without the need to put a client's signature on them.
Paying tribute to fashion and the desire to stand out banks issue cards with a creative design. This financial product is intended for VIP clients and youth audience.
What cards do banks issue:
Among bankers there is a mixed opinion about this diversity. However, at the present time several financial organizations have already released limited series of cards.