Prepaid, Gift and Virtual Cards Detection
Detect transactions from disposable cards and reduce failed subscription billing payments attempts.
BinDB can currently identify over 12,000 different Prepaid, Virtual (temporary card) and Gift cards from different card payment networks. Making it impossible to check the credit history of the buyer, prepaid and gift card related fraud generates millions of dollars of losses every year. Another danger is when people sign in for recurring online services. A common scenario includes a person signing up for a service after pre-loading the initial balance needed for signup, however once he used the service for a month, the prepaid card does not contain enough balance for re-billing.
List of major financial institutions issuing prepaid, gift cards and co-branded cards: The Bancorp Bank, MetaBank, Republic Bank & Trust Company, Green Dot Bank, Sutton Bank, Jpmorgan Chase Bank, U.S. Bank, Metropolitan Commercial Bank, Comerica Bank, Sunrise Banks, Axos Bank, Stride Bank, Peoples Trust Company and much more.
The Prepaid needs to be preloaded from the user and allows spending only the preloaded amount.
Regular debit cards which are connected to a checking account may use overdraft (if the bank account has it enabled) to allow spending more than the funds in the checking account.
Prepaid cards also split in two sub-categories "Reloadable" and "Non-Reloadable".
Reloadable prepaid cards can be used multiple times when non-reloadable cards cannot be used once the amount of funds is exhausted.
You may try the IIN Lookup with some of our examples.
|357401||JCB||LINE PAY CORPORATION||DEBIT||PREPAID||JP|
|372742||AMEX||SERVE BY AMERICAN EXPRESS||DEBIT||PREPAID||US|
|375150||AMEX||BLUEBIRD BY AMERICAN EXPRESS AND WALMART||DEBIT||PREPAID||US|
|403995||VISA||NETSPEND ISSUED BY METABANK||DEBIT||PREPAID||US|
|422803||VISA||MOVOCASH BY METROPOLITAN COMMERCIAL BANK||DEBIT||PREPAID||US|
|437303||VISA||WALMART MONEYCARD ISSUED BY GREEN DOT||DEBIT||PREPAID||US|
|442062||VISA||MYVANILLA ISSUED BY BANCORP BANK||DEBIT||PREPAID||US|
|511361||MASTERCARD||NETSPEND ISSUED BY METABANK||DEBIT||PREPAID||US|
|531106||MASTERCARD||PAYPAL / NETSPEND BY THE BANCORP BANK||DEBIT||PREPAID||US|
|533621||MASTERCARD||VANILLA ISSUED BY PEOPLE TRUST BANK||DEBIT||PREPAID||CA|
|535463||MASTERCARD||MONESE BY PREPAY TECHNOLOGIES LTD||DEBIT||PREPAID||GB|
|539186||MASTERCARD||AMAZON/EASYPAY BY SUTTON BANK||DEBIT||PREPAID||US|
|533248||MASTERCARD||DIRECT EXPRESS ISSUED BY COMERICA BANK||DEBIT||PREPAID||US|
Gift Cards: Non-reloadable prepaid card
Gift cards come with a preloaded amount of funds and can only be used once.
They are generally designed to be given as a gift to a person, who can spend the amount to buy a gift of his choice.
Although a great idea, those cards are virtually anonymous and provide no information for their owner to the payment processor.
It is important for many businesses to deny purchases or transactions with gift cards such as recurring services, rentals etc...
|372300||AMEX||SIMON GIFT CARD||DEBIT||GIFT||US|
|377935||AMEX||TARGET GIFT CARD||DEBIT||GIFT||US|
|403446||VISA||GIFTCARDMALL BY SUNRISE BANKS||DEBIT||GIFT||US|
|407714||VISA||MYGIFTCARDSITE BY U.S. BANK N.A.||DEBIT||GIFT||US|
|426370||VISA||VANILLA WALMART BY PEOPLE TRUST BANK||DEBIT||GIFT||CA|
|435880||VISA||GIFTCARDMALL BY METABANK||DEBIT||GIFT||US|
|472926||VISA||VANILLA BY PEOPLE TRUST BANK||DEBIT||GIFT||CA|
|484224||VISA||YOUGOV BY BANCORP BANK||DEBIT||GIFT||US|
|484718||VISA||VANILLA BY THE BANCORP BANK||DEBIT||GIFT||US|
|485246||VISA||WALMART CARD ISSUED BY GREEN DOT||DEBIT||GIFT||US|
|494160||VISA||ONEVANILLA BY BANCORP BANK||DEBIT||GIFT||US|
|516488||MASTERCARD||VANILLA CARD BY BANCORP BANK||DEBIT||GIFT||US|
- One-Time-Use Virtual Cards (Disposable card / Temporary card)
Some banks provide a service for generating a different card number each time the client wants to make a purchase.
This is good practice for protecting the card number from theft, however poses issues for the payment processors.
Often banks and financial institutions issue a virtual one-time-use card on the same BIN as your credit/debit card.
- Multiple-Use Virtual Cards
Some issuers allow you to keep the virtual card number for multiple use ( recurring billing services etc. ).
Those virtual cards are slightly more reliable for payment processors and online businesses, however are still considered a risk.
|415059||VISA||LA BANQUE POSTALE||DEBIT||VIRTUAL||FR|
|419973||VISA||VELOCITY ISSUED BY REV WORLDWIDE INC.||DEBIT||VIRTUAL||AU|
|428813||VISA||U.S. BANK N.A.||DEBIT||VIRTUAL||US|
|454861||VISA||VANILLA EGIFT BY BANCORP BANK||DEBIT||VIRTUAL||US|
|466544||VISA||XAPO CARD ISSUED BY WAVE CREST HOLDINGS LIMITED||DEBIT||VIRTUAL||GI|
|468789||VISA||SAIGON THUONG TIN COMMERCIAL JOINT STOCK BANK||DEBIT||VIRTUAL||VN|
|489049||VISA||QIWI BANK JSC||DEBIT||VIRTUAL||RU|
|529559||MASTERCARD||SCRILL BY PAYSAFE||DEBIT||VIRTUAL||GB|
|533935||MASTERCARD||ECOCARD ISSUED BY PSI-PAY LTD.||DEBIT||VIRTUAL||GB|
|541591||MASTERCARD||NETELLER VIRTUAL CARD BY PAYSAFE||DEBIT||VIRTUAL||GB|
This is something which prepaid/gift and virtual cards do not allow.
By using such disposable cards users are putting a virtual wall between the online business and their payment source.
This is where your business can say NO to prepaid funding sources and cut down the risk of failed recurring payments and anonymous fraud cases.
BinDB's BIN databases provide a constantly updating reference for identification of all known prepaid/gift and virtual cards on the market.