Meaning Address Verification System
What does Address Verification System mean? Here you find 2 meanings of the word Address Verification System. You can also add a definition of Address Verification System yourself
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Address Verification SystemA security feature that requires merchants to supply address information for the cardholder in card-not-present transactions, such as those made on a website. The merchant’s system verifies that the address entered matches the one the issuing bank has on file and then confirms whether the information is valid or not.
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Address Verification SystemA fraud-prevention tool for ‘Card Not Present’ payments (phone, mail order and online) that matches the customer’s billing address with what the issuing bank has on file before the transaction can proceed.
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