The Bank Identification Number (BIN) 547507 is issued by OPEN JOINT STOCK SOCIETY MUGANBANK in AZERBAIJAN. This is a MASTERCARD CREDIT card with BUSINESS 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 547507, you can determine: the card network (MASTERCARD), whether it's a credit, debit, or prepaid card (CREDIT), the card level (BUSINESS), the issuing bank (OPEN JOINT STOCK SOCIETY MUGANBANK), and the country of issuance (AZERBAIJAN). This information is useful for payment processors, merchants, and fraud prevention systems.