BIN 557699
MIDDLE EAST PAYMENT SERVICES LIMITED CO. • IRAQ • MASTERCARD
About BIN 557699
BIN 557699 is a MASTERCARD debit card operating on the PREPAID payment network, issued by MIDDLE EAST PAYMENT SERVICES LIMITED CO. 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 557699?
A Bank Identification Number (BIN), also called an Issuer Identification Number (IIN), is the first 6–8 digits of a payment card. BIN 557699 identifies MIDDLE EAST PAYMENT SERVICES LIMITED CO. 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 557699?
BIN 557699 was issued by MIDDLE EAST PAYMENT SERVICES LIMITED CO., a financial institution operating in IRAQ.
In which country is BIN 557699 registered?
BIN 557699 is registered in IRAQ (country code: IQ). The issuing bank, MIDDLE EAST PAYMENT SERVICES LIMITED CO., 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 557699 a credit, debit, or prepaid card?
BIN 557699 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 557699 use?
BIN 557699 operates on the MASTERCARD payment network using the PREPAID 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 557699?
The primary currency associated with BIN 557699 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 557699 pass the Luhn check?
Yes — card numbers beginning with BIN 557699 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.
