With today’s advanced technology, we are now able to do a number of virtual transactions. Settling our utility bills, shopping and paying our employees may now be performed in the comfort of our own homes before a computer on the Internet or by processing a credit 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? If you have been doing plenty of transactions by phone or Internet, 먹튀폴리스 검증업체 I’m sure that you’ve encountered this scenario a number of times. Some people are getting very annoyed with it since they carry on asking that information even when they’ve our address on the records. This method is known as address verification.
Simply to clarify, we must not be annoyed if the agent is doing address verification on transactions. This really is a critical task and is considered a typical operating procedure with regards to money matters.
But exactly why is it extremely important for companies to do address verification? Companies are basically achieving this for just two reasons. The very first one is always to make sure that every transaction is a certified transaction and thus protecting you from account fraud or theft. For example, another individual had a hold of your credit card. By the mere possession of the card, he could use it to do some online or phone transactions. However, he will not be able to accomplish this since he will be asked to verify the billing address of the card. Since that person does not have that information, he cannot verify it and thus the transaction will not push through.
How does the process 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 the transaction will be declined. This will prevent any unauthorized usage of your credit card.
Some companies, irrespective of having their very own verification system, also use a USPS address verification system. USPS address verification system is a credit card applicatoin that is connected to the United States Postal Service. This is a very reliable tool in checking perhaps the address is valid or is registered on the database. So once the company was incapable of 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 in regards to a fraud caller.
The next reason is that they would like to have a smooth and good relationship with the client. If you learned that you’ve an unauthorized transaction in your bank card bill, I’m sure you’ll contact the company and complain since they allowed this unauthorized and unverified usage of the credit card. Thus ultimately causing a discontinuation of business. With the verification system, you are sure that only you and the authorized people may do the transaction.