There has been a significant increase in online shopping platforms. The digital revolution of the world has transformed the mode of shopping. People now prefer to buy things online rather than going to shops. Now in the midst of the Covid-19 pandemic, this trend of online shopping has taken another level. However, these platforms are not free from fraud either. Various frauds are linked to this that cost the company a lot in form of chargeback and mailing costs. A requirement for improved communication is needed for smooth business operations and to maintain healthy business customer relationships. An answer to this solution is to address validation services. Address validation services are a service that can verify a person’s address and use the address as a way of identity verification.
The Process of Address Validation
The manual ways of identity verification are long gone. Now there are AI-powered solutions that can verify the person’s address verification within seconds. All the customers have to provide a government-issued identity card. This government-issued document is verified through artificial intelligence. The identity of the customer is verified against that identity document. The customer has to submit a secondary document for address verification. The secondary document could be anything that contains the customer’s home address or work address. Then the address is matched and verified against the given documents.
Following is the list of documents that could be used for the procedure of address verification:
- Utility bills
- Bank Statement
- ID Cards (with full address visible)
- Driving license
- ID Cards
Use Case of Address verification
In these times, address verification is like a blessing. It has been used by various companies. Here are some use cases discussed in detail.
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Online Deliveries
E-commerce platforms and online platforms are mainly working through the possibility of shipping and deliveries. In order for them to work properly, it is necessary for them to have a shipping or delivery system that is efficient and strong. In order to have a good network of delivery, address validation service is a necessity. Otherwise, the unnecessary return and wastage of products can occur if there is no proper way to verify a person’s address. Sometimes brand product design is stolen. People use different and fake addresses to order products in bulk. Once they have got that they use that to sell it in black market or sell it under their name. Sometimes people order products online and change their minds and on receiving time they claim that they never ordered it and ask for a chargeback. The food industry has to face the most problem regarding this. Misunderstanding of the address can lead to the wrong address and this way the food is wasted or ruined. Address validation service is
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ID Card Address Check
Address validation services can be used to verify the identity of the person. If a person is claiming to be someone they are not and has stolen an identity, their identity can be verified through address checks. If the address of the person is not verified against their identity, they will not be verified.
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Mail deliveries
Mails contain sensitive data like SSN numbers. If an SSN number gets into the wrong hands, a person can face a lot of problems. Their identity can be stolen for illegal purposes. Even their tax refund and bank accounts can be stolen through this. This is why it is necessary to have mails delivered at the right address. Address validation solution can help with that.
Address validation services save a lot of time and hassle for the business. They no longer have to go through the frustration of deliveries as this process has become a lot easier with these AI-powered solutions. Read More about latest business news on TeckRush Blog.
