Understanding CVV: What is a Card Security Code?
The Card Verification Value (CVV) is a critical component of online and phone credit card transactions, ensuring an additional layer of security. In this blog, we'll delve into what a CVV is, its importance, and how it helps protect against fraud. 1. What is a CVV? CVV stands for Card Verification Value. It is a three or four-digit code found on credit and debit cards. On Visa, MasterCard, and Discover cards, it’s a three-digit code located on the back of the card. For American Express, it’s a four-digit code located on the front. This code provides an extra level of security for online and phone transactions where the cardholder’s signature or PIN cannot be used. hermes-ltd.co.uk 2. Why is the CVV Important? The CVV plays a crucial role in protecting against fraud. It ensures that the person making the transaction has physical possession of the card. Even if someone has access to your credit card number, they cannot complete the transaction without the CVV. This significantly r...