BIN Definition.
Bank Identification Number: the first 6 to 8 digits of the PAN (8 digits since the ISO/IEC 7812 revision implemented by the schemes in April 2022). It identifies the issuer, the scheme, the product type (debit, credit, commercial, prepaid), and the country of issue. BIN tables feed routing, pricing, and fraud rules at acquirers and PSPs.
See also
Where this term appears
GuideThe four-party modelGuideThe role of banksGuideMerchant, acquirer, PSPGuidePayment schemesGuidePayment regulationGuideAgents, distributors, and banking-as-a-service: who is liable for whatGuidePayments in the Baltics and FinlandGuideThe PSD2 framework contract and conduct-of-business rulesGuidePayments in Germany, Austria, and SwitzerlandGuideWhen no authorization is required: exclusions from the scope of payment servicesGuideManaging SCA exemptions: fraud rates, audits, and losing the exemptionGuidePayments in Greece, Cyprus, and Malta