Glossary
What do the technical terms mean
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Payment does not have to be complicated. However, there are technical terms that are often not common.
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Address Verification System
AVS stands for Address Verification System in the payment industry and is the service to verify addresses. This address verification service checks the existence of the address to prevent a delivery from being delivered incorrectly or to make fun orders more difficult. For websites with content from 18 years on, AVS is an Age Verification System.
Internationalization
An internationalization of the address verification systems is urgently needed, since there are different spellings for addresses, city and country names in different countries. Internationalization has not yet taken place in all areas and countries. For MasterCard and Visa, this service is only available for credit cards issued in the USA. American Express offers the Address Verification System for all cards. For MasterCard and Visa, this service is only available for credit cards issued in the USA. American Express offers the Address Verification System for all cards.
Address Verification Systems as a Component of Fraud Protection
Fraud protection is an important part of online commerce. The address verification systems are a first step in this direction. They check whether an address exists and is formally correct. If desired, corrections can also be made to the entries.