Today’s Fraudulent Threats In The Ecommerce Sector

Melissa UK Team | 2021, Address Autocomplete, Address Check, Address Quality, Address Standardization, Address Verification, Data Quality, Ecommerce, Identity Verification, Retail, United Kingdom

With predictions of the eCommerce market growing to 3.5 trillion pounds by 2021 and by 2022 almost 30% of all global consumer sales will be online, it’s no wonder why eCommerce is the trending space to be in right now.

One of the primary reasons for the sectors rapid growth is the adaptability to everyday technology making our lives more digitalised. Many of us are making a shift towards the convenience factor of shopping online offers, giving instant access to our favourite brands, items, and services.

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Melissa Named Leader in Multiple Spring 2021 G2 Grid Reports

Melissa Team | 2021, Address Check, Address Correction, Address Quality, Address Standardization, Address Validation, Address Verification, Data Cleansing, Data Matching, Data Quality, Data Quality Services, Deduping, G2 Crowd, Press Release

Melissa Named Leader/High Performer in Multiple Spring 2021 G2 Grid Reports
Melissa Clean Suite and Melissa Data Quality Suite earn top honors from leading business solutions user-based review website

Rancho Santa Margarita, CALIF – March 30, 2021 – Melissa, a leading provider of global data quality and address management solutions, today announced two of its products—Melissa Clean Suite and Melissa Data Quality Suite—have again been named “Leader” in the Grid Report for Data Quality | Spring 2021 on G2, the world’s leading business solutions review website. Both Melissa solutions have also earned the #1 and #2 leader positions, respectively, in G2’s Spring 2021 report for Address Verification, a new report born of the increasing importance address accuracy plays in operational success. The company also garnered high performer rankings in G2’s Data Governance and Email Verification reports, as well as other G2 designations of note.“G2 reviews are important to us as they provide direct feedback from those who matter most to our business. And consistent high marks acknowledge we are meeting the diverse needs of our customers,” said Greg Brown, Vice President, Global Marketing, Melissa. “Our prominent position in G2’s Data Quality-related reports demonstrates our commitment to building the best solutions for our customers’ address-related issues.”Melissa solutions are proven and preferred as evidenced by verified G2 user comments like “flexible, accurate, feature rich and budget friendly,” “incredible time saver,” and “invaluable tool with superior support.” According to G2, Melissa Clean Suite’s highest-rated features are preventative cleaning, identification, and normalization. Highest-rated features for Melissa Data Quality Suite include preventative cleaning, normalization, and automation.

In addition to its leader rankings, Melissa Clean Suite garnered badges for “Leader – Small-business,” “High Performer – Mid-Market,” “Easiest Setup,” and “Best Relationship.” Melissa Data Quality Suite earned badges for “High Performer – Enterprise,” “High Performer – Mid-Market,” “Easiest to Do Business With,” and “Highest User Adoption.”

Melissa’s G2 scores reflect the company’s ongoing commitment to stellar customer satisfaction, easy implementation, and leading-edge technology solutions as also recently exemplified in the Gartner Magic Quadrant. Learn more about what real users have to say, or leave your review of Melissa on G2’s review page.

 

About G2
G2, the world’s leading business solution review platform, leverages more than 790,000 user reviews to drive better purchasing decisions. Business professionals, buyers, investors, and analysts use the site to compare and select the best software and services based on peer reviews and synthesized social data. Every month, more than three million people visit G2’s site to gain unique insights.

 

About Melissa
Since 1985, Melissa has specialized in global intelligence solutions to help organizations unlock accurate data for a more compelling customer view. More than 10,000 clients worldwide in arenas such as retail, education, healthcare, insurance, finance, and government, rely on Melissa for full spectrum data quality and ID verification software, including data matching, validation, and enhancement services to gain critical insight and drive meaningful customer relationships. For more information or free product trials, visit www.Melissa.com or call 1-800-MELISSA (635-4772).


Media contacts

Greg Brown
Vice President, Global Marketing, Melissa
greg.brown@Melissa.com
+1-800-635-4772 x1130

Jacqueline Zerbst
MPowered PR for Melissa
pr@mpoweredpr.com
+1-877-794-6777

A Quick Guide To Address Verification And Standardization

Melissa IN Team | Address Verification | , , , ,

When you want to buy a new television, before you walk into a store, you’ll probably check prices online. From pens and pencils to jewellery, everything is available online today. E-commerce is a great opportunity for retailers but it comes with its challenges.

Each year, hundreds and thousands of orders go undelivered because the address listed is incomplete or inaccurate. According to estimates, 23.6% of mail is addressed wrong. These errors are expensive for businesses and frustrating for customers. Thus, it’s not difficult to see why address verification and standardization need to be a priority.

Inaccuracies With Address Data

Typographical errors are the most common type of address related issue. For example, an individual may mistakenly enter 517 instead of 571. To err is human. Customers may mistakenly enter abbreviations or miss out on an element when entering their address. The ZIP code is probably the most commonly forgotten element. While it may not seem like a big deal, it can make it difficult for deliveries to be completed on time.

The second type of issue that plagues addresses is invalid entries. This is typically associated with the fraud. The fraudster may enter a fake address or make up their own ZIP code. They may also intentionally enter the wrong address. Alternatively, an individual may use an address that is no longer valid. For instance, he/she might have moved states but forgotten to update the address. In such cases, the address is valid but the person the order is delivered to will not be the intended recipient.

Another issue with address data is an unstructured address. For example, the individual may enter his street name first and then enter the house number. The system may be unable to understand such addresses and hence may tag them as inaccurate or incomplete.

Manually trying to format every address entered by all the customers is times taking and nearly impossible. A company cannot afford to call each customer up individually and cross-check their addresses. It can also be counterproductive as it once again opens the database up to human errors.

Apart from human error, poor address data quality can be caused by database decay or occur when two companies merge and share combined databases.

How Can Addresses Be Verified And Standardized?

The best way to verify and standardize addresses is by using an address standardization app or software. These are third-party services that will help you quickly and accurately verify your address database. Here’s how it can help.

Data Profiling

Before you start cleaning up your address database, you should know where the problem lies. Data processing refers to a process wherein the source data is reviewed to understand the content, structure and interrelationships amidst elements. The software will identify recurring patterns and collect descriptive statistics like the average length of an address line, etc. You will be able to instantly spot errors like non-printable characters or columns where letters are entered in place of numbers.

Parsing Address And Standardizing Formats

Next, addresses are broken down into individual components. For example, the house number is put in column 1, the street name in column 2, the city name in column 3 and so on. This standardizes addresses and helps identify gaps in the address. Negative spaces and non-printable characters are removed at this stage.

Address Completion

Once the addresses have been parsed into individual components, the missing blocks are filled in. If the city name is given, the software will try to complete the address by adding a ZIP code. Similarly, if the ZIP code is mentioned but the city name is not, the software can fill in the gaps. Certain corrections and updates may also be made. For example, let’s say the name of a street has been recently changed. The software will identify entries with the old street name and update them to reflect the new name.

De-duplication

Duplicate entries can create problems with verification as well as affect data analysis reports. Hence, they must be avoided at all costs. Address verification tools highlight duplicates and help weed them out. They can go through thousands of rows at a time and even find duplicates with minor differences. For example, it may tag entries as duplicates where all the elements of the address including the city name mentioned are the same but the ZIP codes are different.

Address Verification

Once the database has been standardized and duplicates have been removed, all entries are checked against a reliable third-party database such as the driving license records, etc. to verify the addresses.

In Conclusion

Having poor quality address data is inevitable at some stage or the other. To keep it from affecting your business, you need to address the issue. The good news is that with address verification software, you can easily correct, verify and standardize addresses and minimize the impact of poor data quality.

Don’t drown in bad data. We’re here to help.

To see how we can help you with address verification and standardization, get in touch with one of our solution experts today and see how we can help you get address data you can use for its intended purpose.

E-Commerce ROI Calculator von Melissa zeigt Mehrwert der Adressvalidierung

Melissa DE Team | 2021, Address Check, Address Validation, Address Verification, Adressprüfung, Ecommerce, Germany, Global Address Verification, Press Release, Presseberichte | , , , , , ,

Händler können ihre Vorteile mit wenigen Klicks selbst ermitteln

Köln. Ab sofort haben Händler die Möglichkeit, mit wenigen Klicks herauszufinden, wie viel Geld schlechte Adressdaten sie kosten. Denn Melissa, ein führender Anbieter globaler Datenqualitäts- und Adressmanagementlösungen, stellt auf seiner Website unter https://www.melissa.com/de/calculators/ecommerce einen E-Commerce ROI Calculator zur kostenlosen Nutzung zur Verfügung. Der Rechner verdeutlicht individuell, welche Vorteile Adressprüfung hat und gibt somit einen konkreten Anlass dafür.

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