BIN 524063
ARAB PAYMENT SERVICES • IRAQ • MASTERCARD
About BIN 524063
BIN 524063 is a MASTERCARD credit card operating on the PLATINUM payment network, issued by ARAB PAYMENT SERVICES in IRAQ (IQ). 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 524063?
A Bank Identification Number (BIN), also called an Issuer Identification Number (IIN), is the first 6–8 digits of a payment card. BIN 524063 identifies ARAB PAYMENT SERVICES 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 524063?
BIN 524063 was issued by ARAB PAYMENT SERVICES, a financial institution operating in IRAQ.
In which country is BIN 524063 registered?
BIN 524063 is registered in IRAQ (country code: IQ). The issuing bank, ARAB PAYMENT SERVICES, holds the licence to issue cards under this BIN range in IRAQ. Transactions on these cards typically involve IRAQ-based banking and settlement infrastructure.
Is BIN 524063 a credit, debit, or prepaid card?
BIN 524063 belongs to the credit 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 524063 use?
BIN 524063 operates on the MASTERCARD payment network using the PLATINUM 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 524063?
The primary currency associated with BIN 524063 is Unknown. This is the currency in which domestic transactions are typically billed for cards under this BIN range when used in IRAQ. International transactions may involve currency conversion depending on the merchant's country.
Does BIN 524063 pass the Luhn check?
Yes — card numbers beginning with BIN 524063 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.
