BinBase Introduces Gambling Blocked BIN Intelligence
BinBase has launched the GAMBLING_BLOCKED parameter to help iGaming operators and payment gateways filter restricted issuing banks and optimize transaction routing, aiming to reduce hard declines and processor penalties.
Miami, FL – BinBase has introduced a new GAMBLING_BLOCKED parameter designed to assist iGaming merchants and payment gateways in reducing transaction rejections and avoiding processor penalties.
The new feature enables proactive filtering of restricted issuing banks and optimization of transaction routing. This aims to decrease hard declines, which can lead to additional costs and strain relationships with payment service providers.
BinBase, a provider of global payment card intelligence, is looking to enhance the efficiency and security of payment processing for companies in the iGaming sector with this solution. The tool is expected to improve transaction success rates and mitigate financial losses.