Deal with Verification Methods : Preserving The Bank card
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 can now be achieved in the comfort of our personal homes in front of a computer on the Internet or by processing a credit card payment on the phone.
But perhaps you have noticed that the computer or the agent will always look for your complete address in every transaction? When you have been doing lots of transactions by phone or Internet, 먹튀폴리스 검증업체 I’m sure that you have encountered this scenario a number of times. Some people are receiving very annoyed with it because they keep on asking that information even if they’ve our address on their records. This technique is called address verification.
Merely to clarify, we mustn’t be annoyed if the agent does address verification on transactions. That is an essential task and is known as a typical operating procedure in terms of money matters.
But how come it very important for companies to do address verification? Companies are basically doing this for two reasons. The very first one is to ensure that every transaction is a certified transaction and thus protecting you from account fraud or theft. For example, another individual had your hands on your credit card. By the mere possession of the card, he could put it to use to do some online or phone transactions. However, he won’t be able to accomplish this since he will undoubtedly be asked to verify the billing address of the card. Since that person does not need that information, he cannot verify it and thus the transaction won’t push through.
How can the process of verifying the address work? The agent or the online shop will look for the billing address. When the billing address didn’t match the entries on the system, then your transaction will undoubtedly be declined. This can prevent any unauthorized utilization of your credit card.
Some companies, apart from having their own verification system, also work with a USPS address verification system. USPS address verification system is a software that is attached to the United States Postal Service. This is a very reliable tool in checking if the address is valid or is registered on the database. So once the company was unable to verify the address both on their database and on the USPS address verification system, they will totally reject the transaction and make a written report of a fraud caller.
The next 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 company and complain because they allowed this unauthorized and unverified utilization of the credit card. Thus resulting in a discontinuation of business. With the verification system, you are sure that only you and the authorized people may do the transaction.