BIN is the first 4-6 digits of a credit card identifying issuing financial institution. Also known as Issuer Identification Number (IIN) for non-bank cards. Created by ANSI and ISO to identify payment card issuers
BIN is first 4-6 numbers on payment cards identifying issuing financial institution. Developed by ANSI and ISO for payment card identification. First digit indicates major industry identifier, others specify issuing bank
Bank ratings are letter or numerical grades assigned by agencies. Ratings indicate credit risk and financial safety of institutions. Ratings are updated quarterly by bank supervisors
Temporary cards require existing credit card account. No credit check needed as it's linked to existing account. Available through bank security section after account login
Merchant Category Codes (MCCs) are four-digit numbers assigned by banks. MCCs are used for transaction fees, rewards, and tax purposes. Some companies have dedicated MCCs like airlines and hotels
SBLC is a bank guarantee for seller payment if buyer defaults. Used in international and domestic transactions between unknown parties. Acts as safety net for payment of goods or services