ACH Address Verification System (AVS) Underwriting 
Stax
JANUARY 10, 2024
The merchant category code (MCC) assigned by the credit card issuer will identify As a result, they may be charged higher processing fees to cover higher compliance costs and underwriting. This means the cost of the transaction is no longer absorbed by the merchant, but by the cardholder.
PayHawk
APRIL 18, 2023
Automated Clearing House (ACH) An electronic network that enables the transfer of funds between bank accounts. Address Verification System (AVS) A system that compares the billing address provided by the cardholder with the address on file with the card issuer to verify the authenticity of a transaction.
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