Address Verification System (AVS), Card Issuer and Point-of-Sale (POS)

Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

APRIL 18, 2023

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Annual Percentage Rate (APR) The annual interest rate charged by a credit card issuer on outstanding balances.

Process

Process Card Issuer Online and Mobile Banking Issuers

Reasons Why Credit Cards Get Declined

Clearly Payments

DECEMBER 3, 2024

Use address verification systems (AVS) to prompt customers to correct mismatches. Expired Card (5-10% of declines) A cardholder may unknowingly attempt to use an expired card, leading to a declined transaction. Encourage customers to update their card information regularly in their accounts.

Credit Cards

Credit Cards Address Verification System (AVS) Card Issuer Alternative Payment Methods

Payments Space

Understanding Payment Processing Terminology Glossary for Merchants

Reasons Why Credit Cards Get Declined

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