Address verification companies help businesses ensure that their consumer data is accurate. This can be important for a variety of industries, including retail, financial services, travel and hospitality, and real estate. Getting this information right can improve customer satisfaction, reduce operational costs, and prevent fraud.
Ecommerce Businesses
For online retailers, verifying addresses is a crucial step in the checkout process. It can help prevent returns, reduce costs associated with inaccurate or incomplete data, and make sure that packages reach the intended recipients. It can also avoid chargebacks and fraudulent activities like identity theft, account takeover, and money laundering.
Peer-to-peer marketplaces, vacation rental apps, and other online services often use address validation to ensure that new user registrations or listing submissions are valid. This can be for logistical and safety reasons, or to meet regulatory requirements such as KYC compliance.
These types of businesses aren’t limited to a single country, so it is important to find an address verification company that can support operations in all the countries where they do business. This can avoid language barriers, alignment issues, script hassles, and other common data quality problems that may arise when working with global clients.
The best address verification companies offer a variety of deployment options, including dashboards, software applications, and API integrations. They combine authoritative databases from reputed postal organizations and national change-of-address (NCOA) systems to deliver the most accurate results. This helps businesses validate and standardize residential and commercial delivery locations in a single API request or batch processing.
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