There are many benefits of address verification for businesses. For one, it ensures great data quality, which is crucial for better communication with customers, better delivery rates, and faster data entry in online forms. Additionally, address verification improves business processes like planning and logistics. And it also helps ensure compliance with regulations such as KYC/AML. In fact, address verification is now more important than ever for businesses, especially those in the finance and e-commerce industries.
In order for a business to successfully implement address verification, the address must be valid within the USPS data file. It should also have an apartment number. In order to make sure that your address matches, it should be parsed and validated using a standard or certified address engine. A CASS-DPV-certified address engine will have an address correction capability. In the case of an incorrect address, Google Maps will show the approximate address on a map, but a photo of a non-existent area will appear.
Address verification software can check tens of thousands of addresses in seconds. It can also validate other data that enters your system. With a verified address, you won't waste resources sending out outbound mail or having your customers return returned items. Address verification is an excellent investment in reducing costs. Address verification will also ensure that your customers' addresses are not in the wrong places. You will be glad you did. This is especially important if your business ships to international locations.
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