Do You Know The Truth About 16 Digit Number Of ATM Card?

ATM mens Automatic Transfer Machine and they have been around since the late 1960’s .ATM are mostly used to withdraw cash,but a consumer can also make deposits into one’s account during and outside normal business banking hours.
Nowdays mostly people uses the ATM card,but have you ever think about the meaning of 16 digit number of ATM card.Now i am going to tell you about the meaning of every digit of ATM card..
 The first digit in a card represents the Major Industry Identifier and is known as MII digit. It represents the category of entity which issued your credit card.
here are following types of issuers:
MII Digit
Issuer Type
ISO/TC 68 and other industry assignments
1
Airlines
2
Airlines and other industry assignments
3
Travel and entertainment (such as American Express and Diners Club)
4
Banking and financial (Visa)
5
Banking and financial (MasterCard)
6
Merchandizing and banking (Discover)
7
Petroleum
8
Telecommunications and other industry assignments
9
National assignment
You can understand this better by taking out your card and seeing the first digit.
next six digits in a card represent the issuer and is known as Issuer Identification Number (IIN),like compney American Express-34XXXX,37XXXX,VISA-4XXXXX,Master Card-51XXXX-55XXXX.
So if you have a card that starts with 51 that means it is a Master Card.
next nine digit is link to the bank account.