address verification service

Noun.  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 accuracy of the address match. Abbreviated: AVS.

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This entry was last updated on RefTopia from its source on 3/20/2012.