Address verification software translates user-inputted addresses into a standard format and certifies that the address is valid, accurate, complete, and exists. Businesses in a number of industries have found benefits from this type of service, including boosts to ROI, increased customer satisfaction, and fewer challenges with compliance and risk management.
Inputted addresses can be verified using a variety of sources, such as credit bureau records, utility bills, and online maps. Often, the information from these sources is compared to the standard data available in an address database to identify errors or inconsistencies. Other times, the data is simply corrected or filled in with missing elements. For example, a "St." for a street name or an apartment number might be added to the inputted address to standardize it.
Depending on the business's needs, address validation can also include appending data to the validated results. This extra data may provide a variety of useful information such as census information, climate statistics, and geocode coordinates.
When choosing an address verification solution, it is important to select a trustworthy provider that cross-checks information with official databases, such as USPS, Royal Mail, and Canada Post, for the best accuracy. Additionally, the company should be transparent about its data sources and coverage rates to avoid surprises down the road. This article will help you find the right solution for your unique address verification needs. The Forbes Technology Council is an invitation-only community of world-class CIOs, CTOs and tech execs.
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