| Term | Definition |
|---|---|
| Address Verification System (AVS) |
The Address Verification System (AVS) is a fraud prevention tool used to help prevent credit card fraud. AVS matches the numeric elements in the billing address the customer provided with those in the address on file at the bank for that card. Although cardholders sometimes forget to update their bank about a change of address, AVS is overall a simple and effective way to screen out a significant percentage of credit card fraud. Read more >>> |
