Getting a reliable set of bank identification numbers is important if you want your business transactions to be secure and effective.
Knowing that you can trust where the payment transaction is coming from allows you to have the peace of mind to do business without worrying about whether someone is taking advantage. But there are numerous providers out there, and not all of them are created equally. If you sign with one that doesn't make updates often enough, that doesn't keep their databases up to date, and that doesn't use enough in way of parameters to verify sources, then you could be in for a rude awakening. Two effective brands that you may want to look at are Bin2Country and BinDataSet.How the numbers stack upAs of last month, these competent services had some significant differences, proving that even among companies you can trust, there may be different features and benefits to each that are right (or wrong) for your business. Looking at the bin list database for both of these locations, there is a significant difference in the amount of actual numbers provided with BinDataSet offering around 132,000 more than you will get at Bin2Country. The number of 352,000 that you can expect from this service likely entails credit and debit cards as well as gift cards and other sources in need of verification. In other words, it's more comprehensive, but before thinking it's the right choice, consider that the most comprehensive list may not necessarily be what you need. The 220,000 that Bin2Country provides could very well cover all the areas that you need, and if so, you may be able to attain the service for a cheaper price. Update frequencyUpdate frequency is another important factor in the reliability of a database, and from the looks of things, Bin2Country wins for the most recent modifications, but the one-day difference between it and what you'll get at BinDataSet is negligible. Before purchasing either service, you may want to give them a call and ask how they determine update frequency and how often you should watch for it. Bin list search functionsBin list search functions are usually a make or break. If the company does not provide, then you should consider going with another location. Fortunately, in both of the cases mentioned above, you do get full search functionality, and that makes either of these plans attractive if you don't know where to start.Clearly, you want to make sure that your numbers are accurate and that they protect you in a transaction. But more isn't necessarily better. In order to know for sure, it's important to get down into the details and determine what specific functions you need and whether the services in question cover those items.