The Bank Identification Number (BIN) 507870 is issued by LOTUS BANK LIMITED (NIGERIA) in NIGERIA. This is a VERVE DEBIT card with Unknown 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 507870, you can determine: the card network (VERVE), whether it's a credit, debit, or prepaid card (DEBIT), the card level (Unknown), the issuing bank (LOTUS BANK LIMITED (NIGERIA)), and the country of issuance (NIGERIA). This information is useful for payment processors, merchants, and fraud prevention systems.