Address verification systems â keeping your credit card from unauthorized use

with today’s innovative engineering science, we are now competent to do more than one virtual dealings. Deciding our utility bills, buying goods and paying our workers can now be performed in the comfort of our own homes ahead of a computer on the internet or by processing a credit card payment over the phone.

but have you noticed that the computer or the agent will at all times ask for your complete address in every dealing? Whether or not you was busy doing numerous dealings by phone or internet, i’m certain that you have encountered this scenario more than one times. Numerous of us are getting very annoyed with it because they keep on asking that selective information even whether or not they have our address on their records. This subroutine is called address validation.

just to clarify, we must not be annoyed whether or not the agent is doing address validation on dealings. This is a really principal task and is considered a common operating procedure in terms of cash matters.

but why is it very principal for companies to do address validation? Companies are fundamentally doing this for two reasons. The first one is to ascertain that every dealing is an authoritative dealing and thence protecting you from account fraud or theft. For example, another person had a hold of your credit card. By the mere possession of the card, he could use it to do some online or phone dealings. Nevertheless, he will not be competent to do that since he are going to be asked to verify the billing address of the card. Since that individual does not have that selective information, he can not verify it and thence the dealing will not push through.

how does the operation of verifying the address work? The agent or the online shop will ask for the billing address. Once the billing address did not match the entries on the scheme, then the dealing are going to be declined. This will keep any unauthorized use of your credit card.

some companies, apart from having their own validation scheme, also use a usps address validation scheme. Usps address validation scheme is an application that is connected to the united states postal service. This is a really authentic tool in checking whether the address is valid or is registered on the database. So once the establishment wasn’t competent to verify the address both on their database and on the usps address validation scheme, they will completely reject the dealing and make a report in regards to a fraud caller.

the second reason is that they want to have a smooth and good kinship with the client. Whether or not you found out that you have an unauthorized dealing on your credit card bill, i’m certain you will contact the establishment and complain because they permitted this unauthorized and unverified use of the credit card. Thence leading to a discontinuation of business. With the validation scheme, you are certain that only you and the authoritative humans can do the dealing. & #xd;
with address validation by making use of their database and usps address validation scheme, you can be certain that your account and your business kinship with the establishment is protected. In this way, you can carry on doing dealings without worries since you have the key selective information needed by the validation systems.