Address Verification Services for Customers
- bettybuchananwork
- Nov 22, 2023
- 1 min read
A robust verification system helps combat fraud by preventing the use of phoney addresses. This is particularly important for card-not-present transactions. A good system will check that a customer’s billing address matches their address on file to flag potential fraudulent activity. This is a key component of many fraud-prevention strategies and helps companies to reduce the cost of lost goods and revenue.
Address verification helps to ensure that packages and mail get delivered to the correct destination. This improves client satisfaction and increases customer loyalty. It can also help to improve the efficiency of a business by reducing delivery costs and the waste caused by incorrectly addressed deliveries. Address verification can also be used to meet compliance requirements, particularly in the banking and healthcare sectors.
When choosing an address verification service, make sure that it provides a full suite of tools and techniques to support your business. This includes standardisation, cleansing, and supplementing technologies as well as geospatial distance locators and a range of APIs. Shufti Pro’s advanced address parsing and standardisation technology is one example of a tool that can provide a comprehensive solution. This combines the most up-to-date data sources and a global footprint to deliver precise results. This can help to identify a variety of issues that may be problematic for businesses, including aliases, misspellings, and abbreviations. It can then compare this information against a database of over 160 different data sources to ensure the most accurate results.
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