The Bank Identification Number (BIN) 559245 is issued by MMG BANK CORPORATION in PANAMA. This is a MASTERCARD CREDIT card with WORLD FOR 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 559245, you can determine: the card network (MASTERCARD), whether it's a credit, debit, or prepaid card (CREDIT), the card level (WORLD FOR BUSINESS), the issuing bank (MMG BANK CORPORATION), and the country of issuance (PANAMA). This information is useful for payment processors, merchants, and fraud prevention systems.