B
| Term | Definition |
|---|---|
| Back-end Processor |
A data processing company that contracts with Acquirers to provide communication and processing systems that connect with the interchange systems for clearing and settlement services on behalf of those Acquirers. (In some cases the Acquirer may act as its own back-end processor.) |
| Bankcard |
Any valid card issued by a Card Association or other card-issuing organization that is presented in payment for goods and services or to obtain cash advances. |
| BIN (Bank Identification Number) |
The 6-digit range of numbers assigned by the Federal Bureau of Standards and used by card companies to identify their financial transactions. The DIscover® range begins with '6' (6xxxxx), the MasterCard® range begins with '5' (5xxxxx), and the VISA® range begins with '4' (4xxxxx). |
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