BIN Lookup BIN Data Made Simple

BIN/IIN: 55980520

The BIN/IIN number 55980520 is issued by MAGNET MAGYAR KOZOSSEGI BANK ZRT., representing a MASTERCARD card, with the issuing bank located in the Hungary.

Detail Information
Bank/Issuer MAGNET MAGYAR KOZOSSEGI BANK ZRT.
Card Network MASTERCARD
Card Type DEBIT
Card Category BUSINESS
Business Yes
Prepaid No
Country Hungary
Currency HUF

How to Use This Information

Understanding the BIN (Bank Identification Number) is crucial for businesses and individuals alike. It offers valuable insights into the authorization, processing, and security of transactions. Here's how you can use BIN information effectively:

  • Enhancing Security: Use BIN information to identify the issuing bank and country of a card, helping to detect and prevent fraudulent transactions.
  • Improving Checkout Process: Automatically fill in card details like the type (debit or credit) and the issuing bank to streamline the payment process for users.
  • Geographic Analysis: Analyze purchasing patterns by tracking the geographic location of the card issuers, aiding in market analysis and business strategy.
  • Risk Management: Assess and manage risks associated with transactions from specific banks or regions by setting up appropriate filters or alerts based on BIN information.

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