By sean

While it’s not really related to our main business, which is helping small business owners more easily shop for financial services, we recently released a little web application focused toward consumers.

The application is available at http://truecostofcredit.com – the user enters the first 6 digits of a credit card number (called the Bank Identification (BIN) Number).  From that data we can tell what kind of credit card it is and use the interchange rates, published by Visa and Mastercard, to run some scenarios.

Playing with the application is a lot more fun than reading an explanation – go check it out and let us know what you think.

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