BIN also is known as Issuer Identification Number or IIN defines the identification of the card issuer or the card-issuing institution. These are the first 6 digits of the credit card and it identifies the card-issuing company or institution. BIN number ensures safe transaction of funds and is widely helpful for merchants to stay away from fraudulent activities.

Do you know what holds to be the DNA of your credit cards? It is the BIN number. Your BIN can decode all the information of your credit card starting from its card issuers details, card brand, card type, card level, etc.

Through BIN merchants can map the source of transactions and ensure their credibility. BIN number holds to be the fundamental aspect of accepting or rejecting a credit.