money sectionmoney sectionCredit cards are used freely within our society for making purchases on the Internet and over the telephone. To add security to transactions where the credit card owner is not present, the Card Verification Value was added to all credit cards.
Credit and debit cards incorporate a number of security verification features. One of these features is the card verification value, or CVV, which is a three-digit number found on Visa, MasterCard and Discover cards, and a four-digit number on American Express cards. Credit card companies developed CVV numbers to prevent Internet credit card fraud.
A credit card's CVV, or card verification value, code protects credit card users from fraudulent charges. An identify thief without the CVV code cannot make online purchases from the card.
A CVV number is a credit card security feature used to prevent Internet or telephone use of a credit card by a nonowner. CVV stands for card verification value. The feature is also known as a CVN (card verification number), CVC (card verification code), a CVVC (card verification value code), CSC (card security code), CCV (card code verification) or a V-Code (verification code). The number is printed on credit cards but does not get stored when the card is used. Thus, the only way to have access to the number is to be in physical possession of the card. When…
