Would you like to implement a Payments Authorization API in your company? If your answer is positive, surely it is because your company urgently needs it. But don’t worry, we know an excellent service that will perfectly satisfy the needs of your company. You should use it!
Banking lawyers are more often faced with this type of case (bank fraud), and there are several reasons. In the first place, the financial system has always been quite conducive to fraud and irregularities, on occasions these frauds have been the cause of important economic losses, both for investors and for the banking entities themselves, in any case, these frauds or irregularities have also they have significant negative consequences for customers, whether they are individuals or companies.
We can define bank fraud or financial fraud as the crime of fraud as a result of certain illegal practices, whether carried out by banks, by financial entities or by their managers in the marketing of banking products. The term bank fraud also includes crimes carried out by individuals to obtain economic benefits, either against other individuals or against the banking entities themselves, through the fraudulent use of credit cards, counterfeiting of coins, identity theft, falsifications of signatures, or other documents.
And this scares many companies that provide services or products via the Internet. If they sell products using a fake or stolen card, then they will have to go through several legal processes to make a claim and return the money to the affected customer. In addition, the user who used a fake card is not always caught. Due to the increase in these cases, more and more platforms use the Payments Authorization API. These APIs are in charge of authorizing purchases and making sure that there is nothing illegal in the commercial transaction between client and seller. If you want to use a system like this for your business, you’d better use Credit Card Validator – BIN Checker API!
The best Payments Authorization API is Credit Card Validator – BIN Checker API!
In the payments section of the Zyla API Hub API marketplace, you will find an API widely used by online sales platforms and that service is Credit Card Validator – BIN Checker API. His job is simple, to be the protector of your company against fraudulent transactions. Its objective is to analyze the cards received, check the information received and ensure that the seller will be able to make the purchase without any problem. And for that, it will use a sophisticated security system that will detect any anomaly using only BIN (Bank Identification Number) or IIN (Issuer Identification Number) numbers.
Credit Card Validator – BIN Checker API using only the first numbers, you will obtain information about the bank that issued the card, the type of card (Visa or Mastercard) and the location of the bank. If the API detects something unusual, it will automatically notify you and you can stop the sale early. This is how it detects if the card is invalid or valid.
If you want to use this system, you only have to subscribe to some of the available plans. If you would like to install this API on your payment platform, you just have to contact customer service and they will help you to do this! Remember that the best Payments Authorization API is Credit Card Validator – BIN Checker API!