Standard Payments Deploys BIN Blocking for MatchNet

Friday 8 October 2004 20:48 CET | News

Standard Payments has enabled its proprietary JetPay real time BIN blocking utility for Beverly Hills, CA-based MatchNet plc.

Standard Payments currently provides MatchNet with Visa, MasterCard, Discover and American Express card authorization and settlement processing services. BIN Blocking is a fraud prevention service that permits the establishment of unique business rules to allow or deny by BIN (Bank Identification Number), or by country or by combinations of both. Because the merchant holds liability for fraud-related chargebacks in the card-not-present payments acceptance environment, BIN blocking is a valuable risk mitigation and chargeback reduction tool.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce