The Bank Identification Number (BIN) 506147 is issued by MUTUAL BENEFIT MFB in NIGERIA. This is a VERVE DEBIT card with STANDARD 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 506147, you can determine: the card network (VERVE), whether it's a credit, debit, or prepaid card (DEBIT), the card level (STANDARD), the issuing bank (MUTUAL BENEFIT MFB), and the country of issuance (NIGERIA). This information is useful for payment processors, merchants, and fraud prevention systems.