/ˈbər·stōn/
noun
+ BER: BIN Electronic Retreival (BIN: Bank Identification Number)
+ STONE: hard nonmetallic mineral matter of which rock is made, especially as building material.
BERSTONE Payment Systems took shape with the implementation of our BER payment solution while partnering with the largest and fully redundant settlement processing platforms in the industry.
Our BER payment solution identifies any card type when presented as payment by electronically retrieving the BIN (first six digits) of the bankcard during the authorization process. Depending on the card type, additional enriched data is automatically applied based on the 'rules' set by the Associations (Visa & MasterCard) to ensure our Clients' receive the most favorable Interchange clearing rates – this methodology is coined "Interchange Elevation".