BIN Code 40207870 for debit VISA cards by BANKFIST

July 28, 2023 - Reading time: 9 minutes

BIN code 40207870 Information
BIN / IIN Code	40207870
Brand	Visa
Bank Name	Bankfirst
Card length	16
Web Site	www.bankfirst.com
Contact Phone	(308) 728-5886 OR (888) 371-8005
Card Level	TRADITIONAL
Card Type	debit
Numeric	120
Country Code	237
Country Capital	Yaounde
ISO 3166 code	CM
Country	Cameroon
Currecny	Franc (XAF)

What are BIN codes?

BIN codes, also known as issuer identification numbers (IINs), are the first six to eight digits of a credit or debit card number. They are used to identify the issuing bank or financial institution that issued the card. The first digit of the BIN code identifies the major industry identifier (MII), which indicates the type of card. For example, a 1 in the first digit indicates a credit card, while a 4 indicates a debit card. The next five or seven digits of the BIN code identify the issuing bank or financial institution.

BIN codes are used for a variety of purposes, including:

• Fraud prevention: BIN codes can be used to identify fraudulent transactions. For example, if a merchant receives a transaction from a card with a BIN code that is not assigned to a legitimate bank, the merchant can be alerted to the potential fraud.
• Transaction routing: BIN codes can be used to route transactions to the correct processing network. For example, a transaction with a BIN code that is assigned to Visa will be routed to the Visa processing network.
• Market research: BIN codes can be used to track the usage of different types of cards by different demographics. For example, a merchant can use BIN codes to track the number of credit cards that are used by young adults.

BIN codes are a valuable tool for businesses and organizations that process payments. They can help to prevent fraud, route transactions to the correct processing network, and track the usage of different types of cards.

Here are some examples of BIN codes for different types of cards:

• Visa: 4
• MasterCard: 5
• American Express: 34 or 37
• Discover: 6011 or 65
• JCB: 35

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