What is CVV ?

CVV means Card Verification Value, it is a number that is often written on the back of the card. This number is very important to complete online transactions. Also, they should never be shared with anyone.

Do you know what is CVV and why it is so important to have information about it? To get more information about this, you have to read this post what is CVV completely and I hope you will get to learn a lot by reading it.

Whenever you do shopping in a retail store then you have to provide your credit card or debit card, but do you try to know what is written in that card. Like what is the CVV number , expiration date of the card etc. Often we extend these cards to make further payments. And by swiping your cards in front in the terminal confirms your payment.

Whereas when you use your credit card or debit card on the internet or phone, then you have to know about these three things to complete the transaction:
Card  expiration date
CVV code, security code

When a phone agent, mail catalog company or during online checkout you are asked about the security code, then they refer to this CVV, or Card Verification Value or code only.

That's why today I thought that why should you people be provided complete information about what is CVV Code or how to use CVV so that there is no doubt related to it in your mind. Then without delay let's start.

What is CVV ?

Do you know what CVV means? The full form of CVV is Card Verification Value . This is a new authentication procedure that has been established by credit card companies so that there is minimum fraud during internet transactions and they can be stopped.

For this, the card holder has to enter the CVV number during the transaction time to verify his card. This CVV code is a security feature that is used for “ card not present ” transactions (such as Internet transactions), and is currently available in almost all major credit and debit cards.

This new feature is a three or four-digit code that provides a cryptographic check, for the information of the card. Therefore this CVV code is not a part of that card number, it is just a security check.

This CVV code gives us correct information about the actual card holder. This shows that the customer who is placing the order is the real owner of the card and he is using the card account properly.

Each credit card company has its own name for the CVV code, but they do the same thing, whether they are cards of any big company. For example - VISA refers to its code as CVV2, while MasterCard refers to it as CVC2, and American Express refers to it as CID.

A full 16-digit account number resides in the back panel of Visa/MasterCard cards , followed by the CVV/CVC code. Some banks show only the last four digits of your account number, behind which the code remains.

To prevent wrong use of credit card, we need 3 or 4 digit code which stays behind the credit card. Whenever you save the information of your credit card or debit card, then your data is kept safe with Secure Socket Layer (SSL) technology which is certified by a digital certificate.

Where is the CVV code in the card?

You must have come to know that what is CVV code, but people often ask this question that where is the CVV code found in the card. The answer is very simple that this card is found in the back or front panel.

This code is a numeric code with 3 or 4 letters, which is placed after your card number. It provides a lot of security where we do not need a physical card for transactions.

Here the user should not only know about his card number and expiration date, but along with that you must also know the CVV code to complete the transaction. This shows that the person providing the card is the real owner of the card.

CVV Code is not your PIN

People often get upset about the pin number and CVV code of the card. Because both the codes seem to be same. But one thing to note here is that the CVV code has no connection with your PIN number.

The PIN number is used to access your credit and debit card accounts in the ATM machine. Therefore, note that never enter your PIN number where you have been asked about CVV code and do not enter your CVV code where you have been asked for PIN number. Otherwise you may have to face inconvenience.

What is CSV Code?

The full form of CSV is “ Card Security Value ”, and it is a three or four digit unique security number just like CVV. It is found in the front or back of the card.

This is a code similar to the CVV code, which has been created for security purpose only. This number has different official names in different payment systems.

What is the difference between CVV and CVC Number?

By the way, there is not much difference between Card Verification Value (CVV) and Card Verification Code (CVC), but it is almost the same.

In both, these numbers are printed on the back of the card and its main purpose is the security verification process. Due to which Credit Card or Debit card Frauds can be prevented to a great extent by its use.

CVV or CVC is mainly divided into two codes which are CVC1/CVV1 and CVC2/CVV2.
Where CVC1 / CVV1 is used for card present transactions. By this it is known that the card holder is using the card.

Whereas CVC2 / CVV2 is used by online merchants to complete the transaction when the cardholder is located in a call, mail or internet. (when the cardholder is not physically present).

Do all Internet merchants need a CVV code?

No. The use of CVV ​​code is not mandatory, and it depends on your internet merchant whether they need this CVV code or not.

But almost all online merchants need this code, apart from this your credit card number and expiration date are also required, which makes the transaction more secure.

Where is the CVV number used?

All the financial institutions that issue credit or debit cards have developed a system that assigns a unique CVV code to each card .

This code is used to complete the monetary transactions that are done with that card. CVV number cards are often located on the back side of the card, above the magnetic strip. This shows that the card is physically located near the real user when the transaction is going on.

How CVV Protects You From Being Fraud?

The main purpose of Debit and Credit cards is payment processing in online transactions and other virtual payment gateways. These portals do not have permission to save your information such as card number, CVV number as it is against their Per Payment Card Industry Data Security Standards 

So even if your vendor has all the details of your card, but still they cannot access your CVV number. This makes it impossible for your card to be misused.

Therefore, if ever there is an attack on the data security company that issues credit card or debit card, then since your CVV number is not stored in their databases, even if your credit card information is leaked, it is the CVV. If not, the transaction cannot be completed.

What are the Drawbacks of CVV?

The only drawback of this is that if ever the credit card is completely duplicated in which its magnetic stripe is also present, then fraudsters can also access your card's CVV code and misuse it. .
what did you learn today

I have full hope that I have told you guys what is CVV? And how does this work? Gave complete information about it and I hope you people have understood about the correct use of CVV.

I request all of you readers that you also share this information in your neighborhood, relatives, your friends, so that there will be awareness among us and everyone will benefit a lot from it. I need your cooperation so that I can pass on more new information to you guys.

It has always been my endeavor that I should always help my readers or readers from all sides, if you people have any doubt of any kind, then you can ask me without any hesitation. I will definitely try to solve those doubts.