The Address Verification System (or simply AVS) is a method for merchants to verify the identity of a customer who uses a credit card.
AVS is an excellent way to reduce the risk of fraud and increase the payment gateway’s security. In other words, it checks that a customer is the cardholder he claims to be and finally – it decreases the number of chargebacks.
It’s very important to choose a proper business model at the very beginning of your online payment fun. Your success depends on the method you select. Fortunately there are a few possibilities you get to choose from. Each one is assigned to a different online business type.
Ever wanted to buy some credit card numbers? Actually, you may now have a chance. If you’re into video games, you might have heard that Sony’s PSN was hacked and personal data of 77 millions customers was stolen.
As for now, we knew that hackers got logins, passwords, addresses, birth dates and so on. It was unknown whether they also got credit card numbers, transaction history etc. But now it seems that 2.2 million credit card numbers (including their CVV2!) are for sale!