AVS stands for address verification service and is a tool used by credit card processors to help prevent fraud and chargebacks. It’s essentially a way for processing companies to compare the billing address a customer enters online with the billing address on record at the credit firm that issued the card.
AVS is one of the most commonly used fraud prevention tools in card-not-present transactions. It’s a simple step in an online transaction portal that makes a big difference in avoiding fraudulent transactions.