Remove Address Verification System (AVS) Remove Mobile Payments Remove Multi-Currency
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Payment Processing for Small Businesses: What They Don’t Tell You

Clearly Payments

Mobile Payments and Contactless Transactions Consumer payment preferences are shifting: 72% of consumers now prefer digital payments over cash. Contactless payments grew by 150% between 2020 and 2023. Implement Fraud Prevention Tools Address Verification Systems (AVS) and 3D Secure can reduce fraud risk.

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

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. Currency Conversion The process of converting the transaction amount from one currency to another.

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