Treat Verification Units – Continuing to keep A Visa card
Posted On August 3, 2022
With today’s advanced technology, we’re now able to accomplish several virtual transactions. Settling our utility bills, shopping and paying our employees can now be done in the comfort of our own homes facing some type of computer on the Internet or by processing a charge card payment within the phone.
But have you noticed that the computer or the agent will always look for your complete address in most transaction? When you have been doing a lot of transactions by phone or Internet, 먹튀폴리스 검증업체 I’m sure you’ve encountered this scenario several times. Some people are getting very annoyed with it since they keep on asking that information even when they have our address on the records. This method is known as address verification.
Simply to clarify, we mustn’t be annoyed if the agent is performing address verification on transactions. This really is a critical task and is recognized as a regular operating procedure in terms of money matters.
But how come it extremely important for companies to accomplish address verification? Companies are basically achieving this for 2 reasons. The very first one is always to make sure that every transaction is an authorized transaction and thus protecting you from account fraud or theft. Like, another person had your hands on your credit card. By the mere possession of the card, he could put it to use to accomplish some online or phone transactions. However, he won’t find a way to achieve that since he is likely to 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 won’t push through.
How does the method of verifying the address work? The agent or the internet shop will look for the billing address. Once the billing address didn’t match the entries on the machine, then a transaction is likely to be declined. This can prevent any unauthorized use of your credit card.
Some companies, apart from having their own verification system, also use a USPS address verification system. USPS address verification system is an application that’s linked to the United States Postal Service. This can be a very reliable tool in checking whether the address is valid or is registered on the database. So once the organization was incapable of verify the address both on the database and on the USPS address verification system, they’ll totally reject the transaction and make a report about a fraud caller.
The 2nd reason is that they want to have an easy and good relationship with the client. If you found out that you’ve an unauthorized transaction on your own charge card bill, I’m sure you’ll contact the organization and complain since they allowed this unauthorized and unverified use of the credit card. Thus ultimately causing a discontinuation of business. With the verification system, you’re sure only you and the authorized people may do the transaction.