3 Benefits Of A Transaction Validation API For Digital Enterprises

In today’s digital era, secure payment processing is crucial for any enterprise that deals with online transactions. Credit card fraud is one of the most significant challenges faced by digital enterprises. Therefore, having a reliable transaction validation system is necessary to prevent fraudulent activities and protect sensitive data. One such system is the Transaction Validation API, which has become increasingly popular among digital enterprises. In this article, we will discuss three benefits of using a Transaction Validation API.

Most Relevant Advantages Of A Transaction Validation API

Reducing Fraudulent Activities

With the rise of digital transactions, the risk of fraudulent activities has also increased. A Transaction Validation API can help reduce these activities by verifying the legitimacy of transactions in real-time. By checking the card’s BIN (Bank Identification Number), the API can ensure that the transaction is legitimate and prevent unauthorized access to sensitive data. This can save digital enterprises from losing money and reputation due to fraudulent activities.

Minimizing Human Error

Transactions involving credit cards can be complicated and prone to human error. In such cases, these APIs can be useful. By automating the validation process, the API can minimize human errors and ensure accurate transactions. This can save digital enterprises from the cost of refunds, chargebacks, and customer dissatisfaction.

Ensuring Compliance

Digital enterprises must comply with various regulations and standards to ensure secure payment processing. This technology can help ensure compliance with these standards by providing data security and encryption. By complying with regulations, digital enterprises can avoid penalties and maintain customer trust.

Thus, by using a Transaction Validation API can provide several benefits for digital enterprises. It can reduce fraudulent activities, minimize human errors, and ensure compliance with regulations. Therefore, it is essential to consider integrating a Transaction Validation API into existing payment processing systems. The Credit Card Validator – BIN Checker API is a reliable option that offers these benefits and more. By using this API, digital enterprises can enhance their payment processing system’s security and prevent fraudulent activities, ensuring a safe and smooth transaction experience for their customers.

Check Credit Card Validator – BIN Checker API For A Transaction Validation API

As a digital enterprises, ensuring secure transactions for our customers is of utmost importance. That’s why we rely on Credit Card Validator – BIN Checker API to verify the authenticity of credit cards used on our platform. By using this API, we are able to quickly and accurately detect fraudulent transactions and protect our customers’ financial information.

The ability to seamlessly integrate this API into our existing system has also helped to streamline our payment processes and reduce errors. Overall, Credit Card Validator – BIN Checker API has been an essential tool in maintaining the safety and security of our digital business.

So, How Does This Transaction Validation API Work?

To obtain complete data, the customer needs to send the Bank Identification Number (BIN). Another option is the Issuer Identification Number (IIN) of their credit/debit card.

To get the full details of a BIN, which is the first six digits of a credit/debit card, you need to input the BIN into the API, and it will return the JSON format with the card’s validity, whether it is VISA or MASTERCARD, the issuing bank, and the card’s issuing location.

For instance, if you use the endpoint with the BIN number “448590,” the API will respond with the following:


{
  "success": true,
  "code": 200,
  "BIN": {
    "valid": true,
    "number": 448590,
    "length": 6,
    "scheme": "VISA",
    "brand": "VISA",
    "type": "CREDIT",
    "level": "PURCHASING WITH FLEET",
    "currency": "USD",
    "issuer": {
      "name": "JPMORGAN CHASE BANK, N.A.",
      "website": "http://www.jpmorganchase.com",
      "phone": "1-212-270-6000"
    },
    "country": {
      "country": "UNITED STATES",
      "numeric": "840",
      "capital": "Washington, D.C.",
      "idd": "1",
      "alpha2": "US",
      "alpha3": "USA",
      "language": "English",
      "language_code": "EN",
      "latitude": 34.05223,
      "longitude": -118.24368
    }
  }
}

How To Get Started?

1- Navigate to Credit Card Validator – BIN Checker API and click “START FREE TRIAL” to begin using the API.
2- You will be issued your unique API key after registering in Zyla API Hub.
3- Check the BIN number using the API endpoint.
4- When you’ve reached your endpoint, perform the API request by hitting “RUN”. Now you will see the results on your screen.