What is CVV

CVV is the Card Verification Value which is a security feature on credit and debit cards. Also referred to as the Card Verification Data, the CVV was a concept that was introduced to increase security and protect card holders from fraud and unauthorized use of their card.

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Card Verification Value explained

The CVV is a 3 digit code that is found on the back of your credit or debit card. It is usually the last three digits of the number that appears on the back of cards, on the signature strip. There are various types of security codes, some of which include the following;

  • The primary code, also referred to as CVC1 or CVV1, is a code that is embedded in the magnetic stripe of a credit or debit card. This code is usually used for transactions that a person carries out at a POS terminal.
  • The second code, also referred to as the CVV2 or CVC2, is a code that is usually asked in the case that the card is not present while carrying out a transaction. This can be in the case that the payment is carried out over the internet, through mail, fax or over the phone.

In order to make any payments online, it is likely that the merchant will request you to enter the CVV code to proceed with the transaction. The CVV is a unique code that is generated by a 2nd generation algorithm thus it is almost impossible for others to figure it out. This security measure has decreased the amount of credit card fraud greatly as it ensure that only the card holder can provide the details in order to process an online payment.