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I am located in Europe; can I have a US Merchant Account to accept credit cards?While this question is still popping up everywhere each day on the forums, and many of the active forum posters are misleading people to believe that there are not limitations, then we made this article about Merchant Accounts and Payment Gateways location. The title says a European Merchant want to open a Merchant Account in [...]
Accepting Credit Card Payments with and Offshore Company to open the Merchant AccountThese days it is essential for an Online Business which sells their services or products throughout the Internet to accept credit card payments.   Many just fail to know what it exactly is they need to be aware of when they do their business planning and apply for a merchant account to accept credit cards on [...]
A Merchant Account what is it, and do I needs one to accept credit cards?Do I need a Merchant Account? When you start your business online and you start to get the first requests from your customers that they want to pay by credit card, you will quickly meet the term Merchant Account, if you look around for instant on Google for payment service providers or credit card processing, many [...]
Accept Credit Card Payments on your website.To accept credit card payments or online payments in general on your website you will need to make your website compliant, many merchant forget to ensure that their website has a privacy policy and return policy and even make it clear to the online customers what the refund policies are. When you start you online business [...]
How to accept credit cards on my website selling Internet Services?As there is a wide range of different products and services provided by the Acquiring Banks and the Payment Processors you will get some background information here how to accept credit card payments if you are selling Internet Services, like Webhosting, Download of Software or subscriptions for membership websites. First of all you need to ensure [...]

BIN numbers and their impact of fighting Credit Card Fraud

Date Added: December 28, 2008 01:13:07 PM Author: Category:
Article
I came across some forums where some service providers of BIN (Bank Identification number) numbers offered those for sale. There are a lot of great Credit Card Anti Fraud providers that offer access to those numbers, however....

I came across some forums where some service providers of BIN (Bank Identification number) numbers offered those for sale. 

There are a lot of great Credit Card Anti Fraud providers that offer access to those numbers, however, the credit card association like Visa and MasterCard do not accept any member sharing them. What are the BIN numbers used for ? 

If you Accept Credit Card Payments on your website or even Offline through a Virtual Terminal, then you can quickly compare live transactions against the BIN’s to validate the credit card number, also if a card is stolen, it will be listed as Stolen Card in the BIN database. 

So you will like to have an up to date BIN database to be effective. So it is a question of where those numbers are released. 

If you Accept Credit Card Payments you will properly have faced fraud, fraud like someone that have bought a product or service from you and then made a chargeback or fraud where your credit card processor notified you that the transaction for a certain transaction was fraud due to wrong or non existing address or the card number is from a stole card.

Read the rest of the article at  Accept Credit Card Payments
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