Credit card ADDRESS VERIFICATION! ADDRESS VERIFICATION!!!

Use Mercury Payment as your processor or TPI software. They support that. But what you say is not entirely true, as not all business ship their goods or take phone orders. mt

FYI - Even with retail transactions, when the card can not be swiped, AVS information should be entered to ensure the merchants pays the lowest discount rate.

What you say is true, but I have never seen a Wal-Mart key in any of this. Sooooo, if the largest retailer in the world does not do it, I would think a small mom and pop might get by with out it. I would estimate about 1 in

I misread the first post anyways..... He was just saying that businesses that DO ship and DO take phone orders need the feature, to which I agree. I must digress....ooops.

I wish they had NEVER integrated credit card processing and POS. I estimate that over 90% of frustrations, problems and service calls are related to this. It adds a layer of FUNK I could certainly do without. One day it will be smoother, I hope! For this reason I still don't push integration. I am not a masochist. :)

mt

Actually, the issues of address verification or Cv2C go deeper than just rate for a retailer. They also are crucial to the risk. If a customer disputes a charge and that charge was handkeyed into the POS system, the merchant must produce an imprint of that credit card on the signed draft if the zip code or CVCC information is not entered at the time of the authorization. In your instance of Wal-Mart, the cashier who is typing in your credit card number because it will not read magnetically, is suppose to enter the CVCC code, found on the signature panel on bankcards or the front of American Express card.

Rates at Visa (and mastercard says me too!) are tier according to authorization and settlement requirements. "Swiped" compliate rates are the lowest, CVCC or AVS rates the next, then comes the type of rate that applies to handkeyed transaction without CVCC or AVS. This is called "EIRF" (electronic interchange rebate fund) and this costs the merchant about 1 3/4 percent more than the swiped rate, depending on aquiring bank markup. One could almost wonder why Citibank left out this crucial ability out of the software routine embedded in RMS. Indeed it is an oversite by Microsoft for not including an zip code/CVCC field in the credit card tendering screen for other processing softwares to link to.