With today’s advanced technology, we are now able to complete a number of virtual transactions. Settling our utility bills, shopping and paying our employees are now able to be done in the comfort of our own homes in front of some type of computer on the Internet or by processing a charge card payment over the phone.
But perhaps you have realized that the computer or the agent will always request your complete address in most transaction? When you yourself have been doing plenty of transactions by phone or Internet, 먹튀폴리스 검증업체 I’m sure you have encountered this scenario a number of times. Some of us are receiving very annoyed with it because they keep on asking that information even if they’ve our address on the records. This technique 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 very important task and is recognized as a standard operating procedure when it comes to money matters.
But exactly why is it essential for companies to complete address verification? Companies are basically doing this for just two reasons. The very first one is always to ensure that every transaction is an official 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 utilize it to complete some online or phone transactions. However, he will not be able to accomplish this since he is likely to be asked to verify the billing address of the card. Since see your face 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 web shop will request the billing address. When the billing address didn’t match the entries on the system, then a transaction is likely to be declined. This will prevent any unauthorized use of your credit card.
Some companies, aside from having their particular verification system, also use a USPS address verification system. USPS address verification system is a software that is attached 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 wish to have a smooth and good relationship with the client. If you found out that you have an unauthorized transaction on your bank card bill, I’m sure you’ll contact the organization and complain because 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 can perform the transaction.