The Bank Identification Number (BIN) 506106 is issued by POLARIS BANK in NIGERIA. This is a VERVE DEBIT card with PREPAID level.
BIN (Bank Identification Number), also known as IIN (Issuer Identification Number), refers to the first 6 digits of a payment card number. These digits identify the card-issuing institution, card type, and other attributes used for routing and fraud prevention.
By looking up BIN 506106, you can determine: the card network (VERVE), whether it's a credit, debit, or prepaid card (DEBIT), the card level (PREPAID), the issuing bank (POLARIS BANK), and the country of issuance (NIGERIA). This information is useful for payment processors, merchants, and fraud prevention systems.