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Bank Identification Number

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Bank Identification Number
A former term for the unique number on a credit card or debit card. It has been replaced by the issuer identification number.


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The numbers in the beginning are called the Bank Identification Number.
The ATMA access control system is linked through an IP connection and can store more than 4,000 bank identification numbers, which can be updated via laptop or remote modem.
Visa and MasterCard member banks also have re-issued all of their ATM/debit cards with electronic identifiers (the Bank Identification Numbers, or "BINs") that are distinct and different from the BINs assigned to Visa and MasterCard credit cards, so that merchants with certain terminals can electronically distinguish debit cards from credit cards.
 
 
 
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