BIN 231016
ISLANDPAY GROUP, LTD. • BAHAMAS • MASTERCARD
About BIN 231016
BIN 231016 is a MASTERCARD debit card operating on the PREPAID RELOADABLE payment network, issued by ISLANDPAY GROUP, LTD. in BAHAMAS (BS). The default settlement currency for this card is Unknown. This is not a prepaid card — it is linked to a standard bank account or credit facility. Card numbers beginning with this BIN pass the Luhn algorithm validation, confirming they are structurally valid card numbers.
Frequently Asked Questions
What is BIN 231016?
A Bank Identification Number (BIN), also called an Issuer Identification Number (IIN), is the first 6–8 digits of a payment card. BIN 231016 identifies ISLANDPAY GROUP, LTD. as the issuing institution for cards carrying this prefix. These digits tell payment processors which bank issued the card before the full transaction is initiated.
Which bank issued BIN 231016?
BIN 231016 was issued by ISLANDPAY GROUP, LTD., a financial institution operating in BAHAMAS.
In which country is BIN 231016 registered?
BIN 231016 is registered in BAHAMAS (country code: BS). The issuing bank, ISLANDPAY GROUP, LTD., holds the licence to issue cards under this BIN range in BAHAMAS. Transactions on these cards typically involve BAHAMAS-based banking and settlement infrastructure.
Is BIN 231016 a credit, debit, or prepaid card?
BIN 231016 belongs to the debit card category. This is not a prepaid card, so it is linked to a standard bank account or approved credit facility.
What payment network does BIN 231016 use?
BIN 231016 operates on the MASTERCARD payment network using the PREPAID RELOADABLE card scheme. This means all transactions made with cards carrying this BIN are routed and processed through MASTERCARD's global payment infrastructure.
What currency is associated with BIN 231016?
The primary currency associated with BIN 231016 is Unknown. This is the currency in which domestic transactions are typically billed for cards under this BIN range when used in BAHAMAS. International transactions may involve currency conversion depending on the merchant's country.
Does BIN 231016 pass the Luhn check?
Yes — card numbers beginning with BIN 231016 pass the Luhn algorithm. The Luhn algorithm is a standard checksum formula used by payment systems to detect miskeyed or structurally invalid card numbers. A passing result confirms the number range is mathematically valid.
