With today’s advanced technology, we are now able to complete several virtual transactions. Settling our utility bills, shopping and paying our employees can now be performed in the comfort of our own homes before a pc on the Internet or by processing a credit card payment on the phone.
But perhaps you have noticed that the computer or the agent will always ask for your complete address in most transaction? If you have been doing lots of transactions by phone or Internet, 먹튀폴리스 검증업체 I’m sure you have encountered this scenario several times. Many of us are receiving very annoyed with it simply because they keep on asking that information even though they’ve our address on the records. This method is called address verification.
Simply to clarify, we mustn’t be annoyed if the agent does address verification on transactions. This really is an essential task and is considered a typical operating procedure when it comes to money matters.
But exactly why is it extremely important for companies to complete address verification? Companies are basically achieving this for just two reasons. The first one would be to make sure that every transaction is an authorized transaction and thus protecting you from account fraud or theft. For example, another person had your hands on your credit card. By the mere possession of the card, he could use it to complete some online or phone transactions. However, he won’t find a way to achieve that since he will undoubtedly be asked to verify the billing address of the card. Since see your face does not need that information, he cannot verify it and thus the transaction won’t push through.
How can the procedure of verifying the address work? The agent or the web shop will ask for the billing address. After the billing address did not match the entries on the device, then a transaction will undoubtedly be declined. This may 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 a credit card applicatoin that’s connected to the United States Postal Service. This is a very reliable tool in checking whether the address is valid or is registered on the database. So once the organization was unable to verify the address both on the database and on the USPS address verification system, they will totally reject the transaction and make a written report about a fraud caller.
The next reason is that they wish to have an easy and good relationship with the client. In the event that you learned that you have an unauthorized transaction in your credit card bill, I’m sure you’ll contact the organization and complain simply because they allowed this unauthorized and unverified use of the credit card. Thus resulting in a discontinuation of business. With the verification system, you are sure only you and the authorized people may do the transaction.