The Bank Identification Number (BIN) 506123 is issued by UNION BANK PLC (NIGERIA) in NIGERIA. This is a VERVE DEBIT card with PREPAID XPLORER 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 506123, you can determine: the card network (VERVE), whether it's a credit, debit, or prepaid card (DEBIT), the card level (PREPAID XPLORER), the issuing bank (UNION BANK PLC (NIGERIA)), and the country of issuance (NIGERIA). This information is useful for payment processors, merchants, and fraud prevention systems.