Credit Card Check Tool

Merchants that accept credit cards are always cautious of running credit cards for fear of fraud.
This is why they invest in credit card check tools to make sure that they only process valid credit card numbers. What is a credit card check tool? How does it work? A credit card check tool is a software program that validates a credit card number. It does this by running the credit card through an algorithm, which runs a simple numerical validation routine against a credit card number in order to determine whether it is valid or not. Although different credit card companies have different sets of rules when it comes to creating credit card numbers, all of them can be validated through an algorithm. Examples of algorithms used by credit card check tools include the Mod10 algorithm, the LUHN10 algorithm, and the first card digits verification algorithm. One or two of these is what credit card check tools use to determine whether a credit card number is real or not. Since credit card companies have their own way of formatting credit card numbers, credit card check tool programs automatically detect the type of credit card being validated.

A credit card check tool can be a downloadable or an online software. It just needs internet connection to check and validate a credit card number. A downloadable credit card check tool can be free of charge or not. There are plenty of downloadable credit card check tools available online for merchants to use. Merchants, however, should be aware of the limitations on these programs since they are free of charge.

An online credit card check tool is what most merchants use to validate credit card numbers. Some premier companies offer additional services aside from credit card validation. Some credit card check tool programs give access to their credit database that contains information on millions of active credit card holders. They even offer fraud alerts on lost or stolen cards, closed credit card accounts, and victim credit card statements. There are even credit card check tool programs that allow multiple access techniques like batch processing, XML deliver, and web-base processing. A lot of online credit card tool programs ensure that funds are sent to the right accounts and that credit cards being used online actually belong to the rightful owner. Most credit card check tool software programs can validate Visa, MasterCard, Diners Club, American Express, Carte Blanche, Discover, EnRoute, JCB, and others.

Since credit card fraud is the fastest growing crime in the United States, credit-card-accepting businesses should arm themselves with a credit card check tool to avoid this very expensive crime. Simply linking a credit card number to the name and address in the card will significantly reduce losses due to fraud.


Source: Credit Cards For People With Bad Credit Rating

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