What is Address Verification?

Address verification is the process of determining whether or not an address is valid. You might want to use it to simply ensure that an address in your system is correct or alternatively as a method to detect and avoid fraud.

Accuracy

With an estimated 80% of business transactions involving an address component, making sure that the address you have is valid is essential. This could be to ensure that you deliver to the correct address or that future communications are delivered appropriately and in a timely manner.

With Symphony SinglePoint you will have access to the most defintive and up to date address data ever available, so if an address exists, you can use address verification to access it and ensure that everything from the postcode to the spelling of the street is precise and correct.

Fraud

Fraud is an increasing problem with, for example, global credit card fraud up 62% since 2009. Key to combating fraud of all descriptions is address verification, which you can do through Symphony SinglePoint.

Symphony SinglePoint allows you to search though the country's most definitive address data and have the confidence that when someone gives you an address that it really does exist.

Searching across fields for Address Verification

In addition to its standard one line search, Symphony SinglePoint allows for advanced searching in which one or more specific fields can be searched e.g. street name, organisation name, UPRN or postcode.

One of the primary uses for the advanced searching is address verification, and whether online, over the telephone or through postal applications/enquiries, a quick and easy method to achieve address verification is important.

With Symphony SinglePoint, the user can enter a search on a selected field such as postcode or street name and easily retrieve all associated addresses, from which the full address can be validated.