Remove Address Verification System (AVS) Remove Multi-Currency Remove Third-Party Service Provider
article thumbnail

Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Address Verification System (AVS) A system that compares the billing address provided by the cardholder with the address on file with the card issuer to verify the authenticity of a transaction. Credit Memo A document issued by the merchant to provide a refund or credit to the cardholder.

Process 52