What is the address verification system?

In today's world of theft of uncontrollable identities, systems such as address verification, confirm the identity of credit card holders while processing the order. The address authentication system corresponds to the number of the credit card holder's number in an effort to ensure that the credit card number and/or expiration date are not stolen. Card holders, merchants and credit card companies share a share of the card owner actually placed an order for services or goods.

Traditional brick and mortar stores usually do not use the address verification system because the card holder is present, and other identification, such as a driving license, can be required by a trader. However, when selling electronic trading and phone, the address verification system is used quite often. This is because it is easier to commit identity theft and use stolen credit card online or by phone.

a company that uses an address verification usually a fireAcques consumers about the billing address of the credit card used. Numerical values ​​of the street address and postal code are against the records in accordance with the credit card almost immediately. If the numbers do not match, the transaction can be reduced. If the address verification system is not used at all, the transaction can also be rejected.

It is important to note that the address verification system is not in most cases required by credit card. It is an optional level of security that traders or bank cards decide to recover to reduce responsibility. Bank or credit card may charge a higher fee unless an additional security layer or trader receiving orders may decide to become a compulsory policy in the company.

The next level of security is called the CVV2 number. This is a jetrojmate number on the back of a credit card near a signatureVé lines. Traders requesting CVV2 code during credit card transaction are trying to further prove that the authorized card owner is the one who made the purchase.

The address verification system is limited mainly to the US, Canada and the United Kingdom. Few other countries support this level of security. MasterCard® and Visa® are primary credit card companies that use the address verification system, and American Express® limits the use of the US system only.