Service available in US only for Visa, M/C, proprietary and private label cards. Used to reduce fraudulent mail and phone order transactions by verifying cardholder's billing address before (or at time of) authorization. Is performed through a merchants terminal.
AVS is a service that helps reduce chargebacks and fraud by verifying a cardholderâ€™s billing address with the credit card company before the transaction is approved. AVS is used to reduce the risk involved in Mail Order and Telephone Order transactions.
Visa's fraud-reduction service. You use AVS to verify a cardholder's billing address before you make a mail or phone transaction.
A fraud-prevention mechanism that verifies that the customer address matches the credit card. This ensures that merchandise is shipped to a legitimate customer.
The AVS service is provided as part of a credit card transactionm, and validates a credit card holder address with issuer records in order to ensure accuracy and minimize fraud. A code is returned with the authorization, which indicates the level of accuracy of the address match-up.
A fraud protection service created by Visa and MasterCard that checks a shopper's billing address against the card processor's existing address record for the shopper. AVS returns a code that indicates how well the addresses match. It is up to you, the merchant, to consider the risk associated with each AVS code and to decide whether to ship the goods, contact the shopper for additional information, or simply ignore a potentially fraudulent order. To receive the best discount rate from your acquiring bank, you must use the AVS service when processing transactions on the Internet.
Address Verification Service is used as a means of reducing fraud for credit card transactions in the U.S. It uses the US Zip code as a means of validating the authenticity of the customer.
A system that compares the numeric portion of the customer's street address and the zip code against the information on file with the card- issuing bank. The Gateway provides an AVS code in each approved transaction result code that tells you how well the two addresses match. If they match, there is a lower probability of fraud. If there is a discrepancy in either the address or zip code, the probability of fraud is higher. Merchants can use AVS codes to help protect themselves from chargebacks and fraud.
A fraud prevention tool designed for mail order, telephone order and Internet transactions.
Verifies the cardholder's billing address at the time of the authorization request. If someone uses a stolen card AVS can detect this for you. If the address doesn't match, the transaction can still be approved at the merchant's discretion.
A service that verifies the cardholder's billing address in order to help combat fraud in card-not-present transactions (e.g. mail order, telephone order, internet, etc.). Used only in the United States.
A service provided by the credit card companies to verify the given billing address with the address mentioned on the records of the credit card company.
A method of reducing fraud in mail order/telephone order transactions by using cardholder billing address information in the authorization request.
in 1996, VISA/MasterCard headquarters introduced a new regulation requiring all businesses who manually key in the majority of their credit card transactions to have a special fraud prevention feature on their credit card processing equipment. This feature is referred to as an address verification system (it checks to see that the billing address given by the customer matches the credit card).
AVS is a tool for merchants to reduce the risk associated with card not present transactions, such as mail order, telephone order or Internet transactions. The billing address given by the customer is passed in the transaction and it is checked against the billing address on file at the customer's card issuing bank.
The process of validating a cardholder's given address against the issuer's records, to determine accuracy and deter fraud. This service is provided as part of a credit card authorization for mail order/telephone order transactions. A code is returned with the authorization result that indicates the level of accuracy of the address match and helps secure the most favorable interchange rates.
AVS allows merchants that accept card-not-present transactions to compare the billing address (the address to which the card issuer sends its monthly statement for that account) given by a customer with the billing address on the card issuer's master file before shipping an order. AVS helps merchants minimize the risk of accepting fraudulent transactions in a card-not-present environment by indicating the result of the address comparison.
AVS is a tool for merchants to reduce the risk associated with non-face-to-face transactions, such as mail order or telephone order. A merchant using AVS (must have equipment that is AVS-compatible).
A system established by the credit card processing associations to verify customer billing addresses submitted with e-commerce payment transactions. Though AVS does not verify the legitimacy of a transaction, Card Not Present merchants can use AVS to accept or decline transactions based on the validity of the billing address information provided by the customer.
A service aimed at reducing fraud in mail or telephone order transactions by using cardholder billing address information in the authorization request.
AVS is a tool for merchants to reduce the risk associated with card not present transactions, such as mail order, telephone order or Internet transactions. It is a system built into the authorization process that enables a merchant to verify a United States billing address of a customer to the same billing address the Issuing bank has on file. ADJUSTMENT An adjustment is initiated by the acquirer to correct a processing error. The error could be a duplication of a transaction or the result of a cardholder dispute. The acquirer debits or credits the merchant DDA account for the dollar amount of the adjustment.