An Introduction to Non-VBV Bins
In the world of credit card fraud, there are a few key terms that you need to know. One of those terms is "non-VBV bins." So, what are non-VBV bins? In short, they are credit card numbers that do not have Verified by Visa or MasterCard SecureCode protection. This means that if someone were to use one of these numbers to make a purchase online, they would not be prompted for additional verification. As a result, these numbers are often used by fraudsters to make unauthorized purchases.
While non-VBV bins may seem like something that only criminals need to worry about, the truth is that anyone who accepts credit cards as payment needs to be aware of them. That's because if you process a transaction with a non-VBV bin and it turns out to be fraudulent, you will be held liable for the charge. For this reason, it's important to know how to spot a non-VBV bin so that you can avoid processing any fraudulent transactions.
How to Spot a Non-VBV Bin
There are a few different ways that you can spot a Non Vbv Bins. One way is to simply ask your customer for their verification code when they go to make a purchase. If they don't have one or they're unable to provide it, then you know that the bin is most likely non-VBV. Another way is to look at the first six digits of the credit card number. If those six digits starting with "4" or "5," then it's likely a non-VBV bin.
Of course, even if you're able to spot a non-VBV bin, there's no guarantee that the transaction will be fraudulent. However, it's always better to err on the side of caution. If you're ever unsure about whether or not a particular transaction is legitimate, it's always best to contact your customer directly before processing it.
Non-VBV bins can be tricky business—especially if you're not familiar with them. But now that you know what they are and how to spot them, you can help protect yourself and your business from fraudsters looking to take advantage. Remember, if you're ever unsure about whether or not a transaction is legitimate, always contact your customer directly before processing it. Taking these precautions will help reduce your risk of processing any fraudulent transactions.