Address Verification Service (AVS)

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FFIEC Examination HandbookDownload this dictionary
Address Verification Service (AVS)
Bankcard association service that verifies the customer provided billing address matches the billing address on their credit card account. The bankcard associations will not support merchants that opt not to use AVS if those transactions are disputed and will charge the merchant an additional 1.25 percent on those sales.
  

Source: Federal Financial Institutions Examination Council (FFIEC),
FFIEC Information Technology Examination Handbook Glossary.

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