What is the full form of the CVV?
The CVV full form is Card Verification Value. Financial institutions provide this security feature on credit, debit, and ATM cards. It is a three-digit number or a set of three-digit numbers located on the right side of the signature strip on the back of credit and debit cards. Its purpose is to establish the identity of the account holder and reduce the likelihood of online banking fraud. The CVV is also known as the CVC (card verification code) and the CPC (card protection code). American Express (AMEX) cards normally feature a four-digit number on their front.
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- CVV is not embossed, unlike the card number, and it is not printed on any bills, as only the cardholder understands it.
- A credit card company may have a unique name for its CVV code; for instance, VISA calls this number CVV2, MasterCard refers to it as CVC2, and American Express calls it CID.
- CVV number ID differs from the personal identity number (PIN).
- Never provide your PIN when prompted to input your CVV number.
- You use your PIN whenever you use your card, such as when making purchases at shopping centers or paying hotel bills.
- Even when ordering online or completing online transactions, the CVV number is provided even when the card cannot be presented.
