With today’s advanced technology, we are now able to accomplish several virtual transactions. Settling our utility bills, shopping and paying our employees may now be performed in the comfort of our personal homes in front of some type of computer on the Internet or by processing a credit card payment over the phone.
But maybe you have realized that the computer or the agent will always request your complete address in most transaction? When you have been doing a lot of transactions by phone or Internet, 먹튀폴리스 검증업체 I’m sure that you have encountered this scenario several times. Some people are receiving very annoyed with it simply because they continue asking that information even if they’ve our address on the records. This technique is known as address verification.
Merely to clarify, we mustn’t be annoyed if the agent does address verification on transactions. This really is a critical task and is recognized as a standard operating procedure when it comes to money matters.
But exactly why is it extremely important for companies to accomplish address verification? Companies are basically achieving this for two reasons. The first one is to ensure that every transaction is an authorized 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 use it to accomplish some online or phone transactions. However, he won’t be able to accomplish this since he will soon 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 won’t push through.
How does the method of verifying the address work? The agent or the web shop will request the billing address. After the billing address did not match the entries on the machine, then a transaction will soon be declined. This can prevent any unauthorized utilization of your credit card.
Some companies, apart from having their very own verification system, also work with a USPS address verification system. USPS address verification system is an application 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 will totally reject the transaction and make a written report of a fraud caller.
The second reason is that they want to have a clean and good relationship with the client. In the event that you learned that you have an unauthorized transaction on your credit card bill, I’m sure you will contact the organization and complain simply because they allowed this unauthorized and unverified utilization of the credit card. Thus resulting in a discontinuation of business. With the verification system, you’re sure that only you and the authorized people can perform the transaction.