Definitions for "Address Verification Service"
Service available in US only for Visa, M/C, proprietary and private label cards. Used to reduce fraudulent mail and phone order transactions by verifying cardholder's billing address before (or at time of) authorization. Is performed through a merchants terminal.
AVS is a service that helps reduce chargebacks and fraud by verifying a cardholder’s billing address with the credit card company before the transaction is approved. AVS is used to reduce the risk involved in Mail Order and Telephone Order transactions.
Visa's fraud-reduction service. You use AVS to verify a cardholder's billing address before you make a mail or phone transaction.