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.
At Bankart we are fully aware that eCommerce is not only the new normal, but also a strategic priority on our and our customers' agenda. We were therefore looking for a strategic partner and found one in IXOPAY. With its high level of maturity and flexibility, IXOPAY has proven to be the right long-term choice.”
Dr. Rainer Schamberger
Chief Market Officer at Bankart
