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Back in the days of the 20th Century, it was extremely difficult to offer wares globally on account of the difficulty with payment processing. The solutions that were out there were too expensive and impractical for many smaller businesses to even attempt it. But as technology became more scalable, so, too, did businesses of all shapes and sizes. Bin number databases evolved to the point that they could easily cross the waters and bring customers and businesses together in ways like they never had before. If you own a business or a product, then it is important to open up this global marketplace to your advantage. But the only way that you can pull that off is if you seek the following: A company that fights fraudOne of the first priorities of the database that you ultimately end up subscribing to is the combatting of fraud on all levels. You want a service that will give you the tools necessary to prevent all types of digital fraud. Of course, the way that companies manage this is to stay updated with the latest numbers. Banks close all the time. Cards are lost or stolen. In order to prevent the inevitable fallout, you should have access to all the latest alerts. Your customers will appreciate your vigilance, and so will you when bounce backs become a thing of the past. A company that moves the customer right alongOnly by having access to the most accurate and up to date information will your system be able to evaluate transactions immediately. On the international front, it can be a nightmare if you don't have the database lookup features that are essential. You cannot possibly be an expert on culture, and online predators are becoming more advanced in their counterfeiting activities. While many don't think of electronic payment transactions as something that can be counterfeited, the reality is that they can, and quite expertly at that. By partnering with a reputable company that values currency and accuracy, you are able to stay ahead of all the latest deceits that are out there threatening to steal your business and jeopardize your customers. In addition to features such as BIN-to-Brand, BIN-to-Bank, BIN-to-IP API validation, and XML API, you really need a product that offers the BIN-to-Country feature. This can immediately identify the point of origin for each card, and it can give you peace of mind in knowing that the international transaction is legitimate. If you are uncertain of how international payment processing will work for you, make sure that you try before you buy. Reputable companies will make it easy for you to see if it's the right solution before money changes hands. Article Tags: Credit Card
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