What is address verification system in SAP (CRM-BF - Basic Functions)?

SAP Term: address verification system

• Component: CRM-BF

• Component Name: Basic Functions

• Description: An electronic check, used mainly in the United States, that enables a merchant to confirm whether a billing address, provided by a customer during a payment card transaction, matches the address the card-issuing bank has for that customer. This check helps verify that this customer is the cardholder. The AVS check is a series of electronic messages between the merchant and the bank, and examines the first five numerals in the street address, and the ZIP Code. The merchant can decide, based on the result, whether or not to accept a card.

Smart SAP Assistant

• Key Concepts: 
  Address Verification System (AVS) is a component of the SAP CRM-BF Basic Functions module. It is used to verify the accuracy of customer addresses and ensure that they are up-to-date. It also helps to reduce the risk of fraud and incorrect deliveries.
  
  How to use it: 
  AVS can be used to check customer addresses against a database of valid addresses. This can be done manually or automatically, depending on the user's preference. The system can also be used to update customer addresses if they have changed since the last time they were checked.
  
  Tips & Tricks: 
  When using AVS, it is important to make sure that all customer information is accurate and up-to-date. This will help to ensure that deliveries are made correctly and on time. Additionally, it is important to keep an eye on any changes in customer addresses, as this could indicate fraudulent activity.
  
  Related Information: 
  AVS is part of the SAP CRM-BF Basic Functions module, which also includes other components such as Customer Relationship Management (CRM), Business Partner Management (BPM), and Sales & Distribution (SD). Additionally, AVS can be integrated with other SAP modules such as Materials Management (MM) and Financial Accounting (FI).