CVV code on the card. What it is?


Different organizations with which you have financial relationships may ask you to enter the CVV code that is available on the back side of your credit card. This is a right not only for financial institutions, but also for different credit institutions. Unfortunately, today not all users of bank cards know what is the CVV meaning in credit card and where this security code is located. It must be said that depending on what kind of card you have (Visa, maestro, MasterCard), it can be located in different places. Let’s figure out what is CVV in credit card and why we need it. CVV is an abbreviation, which means the “card authentication code”. You can find it on the back of your card. Regardless of whether the card is debit or credit, this code always consists of 3 digits.

This number appeared not immediately after the appearing of banking system. During the improving of the banking system, it was decided to increase the security of card transactions by creating such special number. It is a very important feature needed in money transfer or when purchasing something online.

Why do I need this CVV code?

Credit card CVV validation is an opportunity to make sure that the user is the real owner of the card. Many people ask themselves, why is it necessary? This precaution helps to significantly reduce the number of fraudulent activities with your bank card. Without this code, swindlers will not be able to make a purchases from someone else’s card, just by having learned the credit card number. If the online store requires you to enter the CVV code, then the fraudster will not be able to make a purchase just by entering the expiration date of the card. However, today many customers are afraid to enter this code even while shopping in reliable stores. They do not want to enter this code anywhere, preferring to keep it secret. Today, many operations on the Internet are performed through several levels of security. So, the card owner often has to specify the following information:

  • card expiry date;
  • owner’s name (in Latin);
  • code CVV.

All these three parameters must match. One of the important advantages of CVV in credit card is that you can’t feel it by your fingers, because the numbers are absolutely flat, unlike the numbers of the card number. To exclude the possibility of theft of funds from the card, it is better to secure yourself. To do this, it is highly recommended to connect a mobile bank to your card. Information about any transaction made from the card will be immediately sent to your mobile phone. This will allow you to know about fraudulent actions and block the card immediately.

Briefly about the terminology

Synonyms for CVV (CVV2):

  • CVVC (Card Verification Value Code),
  • V-Code, V Code (Verification Code),
  • CSC (Card security code),
  • CVD (Card Verification Data).

The CVV (CVC) code is written on a magnetic strip of your bank card. It is checked by the system when a person uses an ATM or terminal.

If you want to send a photocopy or a scan of payment card (sometimes you are asked, for example, by bookmakers), the code CVC2 (CVV2) must be covered with a piece of dense material.

The code CVC2 (CVV2) can’t be disclosed to strangers (also you must not spread photos of your bank cards on the web), otherwise frauds will be able to pay for purchases by stealing your card data.

CVV code on the card. What it is?
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