Street address Verification Solutions – Holding An individual’s Mastercard
With today’s advanced technology, we’re now able to complete a number of virtual transactions. Settling our utility bills, shopping and paying our employees is now able to be achieved in the comfort of our own homes in front of some type of computer on the Internet or by processing a credit card payment over the phone.
But maybe you have realized that the computer or the agent will always request your complete address in most transaction? When you yourself have been doing lots of transactions by phone or Internet, 먹튀폴리스 검증업체 I’m certain that you have encountered this scenario a number of times. Many of us are becoming very annoyed with it since they continue asking that information even when they have our address on their records. This process is called address verification.
Just to clarify, we mustn’t be annoyed if the agent does address verification on transactions. This is an essential task and is considered a typical operating procedure in terms of money matters.
But how come it extremely important for companies to complete address verification? Companies are basically doing this for 2 reasons. The first one is always to make sure that every transaction is a certified transaction and thus protecting you from account fraud or theft. Like, another person had a hold of your credit card. By the mere possession of the card, he could use it to complete some online or phone transactions. However, he will not be able to achieve that since he will be asked to verify the billing address of the card. Since that individual does not have that information, he cannot verify it and thus the transaction will not push through.
How does the procedure of verifying the address work? The agent or the internet shop will request the billing address. After the billing address didn’t match the entries on the device, then a transaction will be declined. This may prevent any unauthorized usage of your credit card.
Some companies, besides having their very own verification system, also use a USPS address verification system. USPS address verification system is a software that is linked to the United States Postal Service. This is a very reliable tool in checking perhaps the address is valid or is registered on the database. So once the business was incapable of verify the address both on their database and on the USPS address verification system, they will totally reject the transaction and make a written report about a fraud caller.
The second reason is that they wish to have an easy and good relationship with the client. If you learned that you have an unauthorized transaction in your credit card bill, I’m sure you will contact the business and complain since they allowed this unauthorized and unverified usage of the credit card. Thus leading to a discontinuation of business. With the verification system, you are certain that only you and the authorized people can perform the transaction.