In the fast-paced world of business, decision-making can make or break an organization. Amazon, one of the most successful companies of the modern era, has long been admired for its ability to innovate and scale rapidly. A key component of its operational philosophy is a decision-making framework introduced by its founder, Jeff Bezos: the distinction… Continue reading Amazon’s Type 1 vs. Type 2 Decisions: A Framework for Effective Decision-Making
Tag: finance
AVS (Address Verification System): Overview and Alternatives
AVS What is AVS? AVS (Address Verification System) is a fraud prevention mechanism in the payment ecosystem that verifies the billing address of a cardholder during a transaction. It compares the billing address provided by the customer with the address stored by the card issuer. AVS is commonly used in card-not-present (CNP) transactions, such as… Continue reading AVS (Address Verification System): Overview and Alternatives

