Are you afraid of being a victim of some virtual scam? Would you like to be prepared and prevent such a situation? It is unfortunate that things like this exist, but unfortunately, the only possible alternative is to prevent them through a security system. And in this case, a Fraudulent Transaction Detector API will help you.
Fraud is the illegal use of credit card data without the knowledge of the actual cardholder. A stolen credit card/card number is often the cause of a fraudulent charge. Once a cardholder detects a payment transaction that he did not make on his credit card statement, he has the right to dispute the charge by contacting his bank. The bank or credit card company will investigate and return the money to the cardholder.
And this for companies that sell services is a problem. Imagine selling a service to a customer who used a stolen card. Clearly, this is a very serious problem. Not only will you lose money because you sold a product, but you will also have to spend a lot of time to be able to return the money to the affected victim. For this reason, in this type of situation, many companies with virtual sales platforms use advanced security systems to prevent and prevent something like this from happening. It is a way of combating computer thieves.
There are many services focused on cybersecurity, but without a doubt, APIs are an incredible option. Especially the Fraudulent Transaction Detector API. These types of APIs are helping thousands of people avoid being a victim of bank fraud. And if you are wondering about a specific service, we have one that will help you. The name of this system is Credit Card Validator – BIN Checker API and thanks to its innovative security system, you will be able to prevent anything previously mentioned from happening.
Try Credit Card Validator – BIN Checker API to save time and money
Clearly, the seller and the victim are the ones who lose the most when virtual scams occur. The seller will lose the service that he sold at the same time that he will have to spend his valuable time and money, to carry out all the money return procedures. Clearly, this task is extremely annoying and nobody wants to be a victim of such a scam. That’s why Credit Card Validator – BIN Checker API will help you prevent that from happening. What you should do is use this system in your payment platform and in this way, this service will protect you against bank fraud.
What you must do is simple. First, when the customer sends you their card details to carry out a bank transaction, you should only use the BIN numbers (Bank Identification Number). The first digits of a credit or debit card identify the bank that issued the card. The first four to six digits are used for this purpose. Each bank uses a separate set of numbers that allow you to identify yourself in a matter of seconds. In general, they are usually the first 6 numbers. With these numbers, you will be able to determine which bank issued the card, as well as what type of card it is (Visa / Mastercard, etc.) and even the location. In this way, you will be able to know if the card is valid or not.
If you are interested in hiring Credit Card Validator – BIN Checker API, you only have to register and make the payment for one of the available plans. It can be the basic plan, Pro or Pro Plus.
Also published on Medium.