Why Is The Use Of Transaction Validation APIs On The Rise?

As e-commerce and online transactions continue to grow, the need for reliable transaction validation tools becomes increasingly important. One such tool gaining in popularity is the transaction validation API. In this article, we’ll take a closer look at why Transaction Validation APIs are on the rise and how they can benefit businesses and consumers alike.

Transaction Validation API:

An Investment You Won’t Regret

One of the key reasons for the rise in popularity of transaction validation APIs is the need for improved security. With the proliferation of online transactions, businesses and consumers need to be confident that their financial information is secure. Transaction validation APIs can help to ensure that only valid transactions are processed, reducing the risk of fraudulent activity.

Another factor driving the increased use of transaction validation APIs is the need for speed and efficiency. With the volume of transactions increasing, businesses need to be able to validate transactions quickly and accurately. Transaction validation APIs offer a fast and reliable way to validate transactions in real-time, without the need for manual intervention.

In addition to security and efficiency, transaction validation APIs can also provide businesses with valuable insights into their transaction data. By analyzing transaction data, businesses can gain a better understanding of customer behavior, identify trends and patterns, and make more informed decisions about their operations.

Finally, transaction validation APIs can help to reduce costs for businesses. By automating the transaction validation process, businesses can reduce the need for manual intervention and associated costs. In addition, by reducing the risk of fraudulent activity, businesses can avoid the costs associated with chargebacks and other fraudulent transactions.

In conclusion, transaction validation APIs are on the rise due to the increasing need for improved security, speed, efficiency, and insights into transaction data. With the benefits they offer, businesses and consumers alike can benefit from the increased use of these valuable tools.

Check Credit Card Validator – BIN Checker API: A High-Quality Transaction Validation API

The Credit Card Validator – BIN Checker API is an invaluable tool for anyone looking to validate credit card information or perform BIN checks. Whether you’re a business owner looking to protect yourself from fraud, a developer building a payment gateway, or simply someone looking to verify a credit card number, this API has you covered.

With fast response times and accurate results, the Credit Card Validator – BIN Checker API makes it easy to check the validity of a credit card number and obtain important information such as the issuing bank and the country of origin. If you’re looking for a reliable and user-friendly API for credit card validation and BIN checks, look no further than the Credit Card Validator – BIN Checker API.

So, How Does It Work?

To obtain complete data, the customer needs to send the Bank Identification Number (BIN) or 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 the “START FREE TRIAL” button 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 the “run” button and viewing the results on your screen.

Also published on Medium.