The Bank Identification Number (BIN) 700116 is issued by LOTTE CARD CO., LTD. in KOREA, REPUBLIC OF. This is a PRIVATE LABEL CREDIT 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 700116, you can determine: the card network (PRIVATE LABEL), whether it's a credit, debit, or prepaid card (CREDIT), the card level (STANDARD), the issuing bank (LOTTE CARD CO., LTD.), and the country of issuance (KOREA, REPUBLIC OF). This information is useful for payment processors, merchants, and fraud prevention systems.