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How does the Issuer Identification Number (IIN) work and why is it important?

Posted on April 12, 2023April 12, 2023 By bankifsc No Comments on How does the Issuer Identification Number (IIN) work and why is it important?

What is an Issuer Identification Number (IIN)? An Issuer Identification Number (IIN), also known as a Bank Identification Number (BIN), is a unique set of digits that identifies the issuing bank or financial institution of a credit or debit card. The IIN is the first six digits of a card’s number, and it plays a…

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