Know What is CVV meaning in credit card , read on this post what are CVV and what are their uses.
Table of Contents
CVV means in credit card
Credit card has this CVV number, its important function is to verify the transaction process, if a user has the CVV number of his credit card, then it is clear that the credit card is physically available with that user.
1. Card Verification Value
The Card Verification Value is also known as CVV and CID, it is on the back of the credit card, it is 3 or 4 digits, in America Express card you will find it on the front, to prevent fraud. This CVV number is very helpful for
2. Is CVV same as ATM PIN?
It is a 3 or 4 digit CVV number written on the back of the credit card, it is not secret, it is not a personal security pin, i.e. it is not created by the cardholder, CVV number is not required while using the card at ATM There personal PIN is required thus these CVV numbers are not ATM PIN
3. Use of CVV
It is used for online transactions, as it is not stored on the magnetic strip, it is used where online transaction of the card is required, verifying that the card is yours by giving the CVV number. and you own it
4. Keeping CVV confidential
It is mandatory to keep your CVV code secret, although it is not a personal pin, it is only a medium of online transaction, but if your card goes to the wrong hands, then having the card and CVV number with it can cause loss of your money.
5. Better Security
The strongest security on the card is its secret PIN and CVV code, it is a great convenience for the person making the purchase, he can enjoy the benefits of being a card owner, online medium has now become a medium to say that now It is not difficult that your lifetime deficit can go away in minutes, so your card is safe because of the CVV code.
6. Enhanced security against theft
Cardholders help protect against identity theft by verifying merchants, at various merchants where you make payments with the card, giving you extra security by asking for your CVV code.
7. Improved Fraud Detection
Many fraudsters can be easily identified, without the permission of the card owner or by deceiving him, in the same way you cannot withdraw money from a bank or ATM, without the real card owner or without the card. won’t be able to remove
8. Increased customer confidence
Customer trust has increased a lot today because of this. Online stores help in increasing their customers trust in security, successful transaction gives pleasant experience which user seems to be trustworthy than others.
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