BIN Database V2.0 Now Available

    PAPHOS, CYPRUS, March 31, 2009 /24-7PressRelease/ -- BinBase.com has significantly updated their online database of searchable credit card records. A BIN system is commonly used to deter fraud. Merchants can refer to BinBase.com to see if a card has been lost, stolen, or canceled.

BIN systems also provide an efficient way to speed up business. Fraud prevention is just one of its many uses. Department stores and grocery stores use BIN systems when scanning for promotional items and savings. Insurance companies even use a BIN system to quickly process claims.

The internet has become a leading source of credit card fraud. Criminals easily pose as cardholders, because no one can see who is entering a card number online. Websites rely on BIN systems to greatly reduce fraudulent activity. Prepaid cards, which have a more likely chance of being stolen, can easily be detected through a BIN system.

Credit card companies aren't the only ones using BINs. Those shopper savings cards you sign up for? They have a BIN system in place too. The BIN on this type of a card can help the issuing store track your savings and it can also help you qualify for special offers and promotions the store might be running.

Insurance companies are also using the BIN system to track insurance usage and to prevent insurance fraud. By matching claims to a BIN, insurers can see if questionable claims are being filed and medical providers can verify the status of an insured patient. It also equates to faster claim processing and fewer headaches when dealing with insurance providers.

Even online stores are benefiting from the BIN system. Would you like to know if a card you're accepting has a high risk of fraudulent activity? A BIN database can help. Websites lose millions annually due to online credit card fraud. A BIN system is one of the things that can help.

Businesses both large and small can all benefit from access to a BIN database. In fact, the only real enemy the BIN system has is the criminals who would prefer to exploit credit card numbers - the same criminals the BIN system helps put a stop to.

A searchable demo is available online at http://www.BinBase.com. Ten free searches are permitted each day.

The success of BinBase.com is an unwavering commitment to growth. The system must be consistently updated to ward off unwanted theft. It's the only way to accurately maintain a comprehensive amount of data. In combination with other proven methodologies, BinBase.com can give you the utmost protection available.

Separate licenses are available for both companies and developers. Prices start at $499. There are currently 70,739 records in our database. Merchants who process credit card payments online provide 70% of the records. Updates are available every six months. Limited updates are included upon purchasing a license.

About BinBase.com, Ltd.

BinBase.com, Ltd. is a Cyprus based company. The database is solely intended for companies. Individual use is prohibited.

Exact terms and licensing information can be found at http://www.BinBase.com

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