Cvv On Credit Card – All You Need To Know

Cvv on credit card

The CVV on credit card is one of the most fundamental tools that guarantees security, uniqueness and confidentiality to all online card payment transactions.

How many times have you tried making a payment online with your card, when all of a sudden you are asked to input your CVV code?

This numeric code is usually present on credit and debit cards and has the task of guaranteeing the security of the online transaction by reducing the risk of fraud and cloning.

But what is this CVV on credit card?

The “Card Validation Value” or “Card Verification Value” is a 3 or 4-digit numeric code printed on most credit, debit and prepaid cards. It is mostly placed on the back of the card, to ensure greater protection.

This imprinted code is so powerful that it can not be cloned by any card reader. It can also be indicated with the CVC and CID acronyms, based on the card payment circuit:

  • CVV (Card Validation Value), 3-digit code for Visa circuit cards;
  • CVC (Card Verification Code), 3-digit code for the MasterCard circuit cards;
  • CID (Card Identification Number), 4-digit code for American Express circuit cards.

The CVV code which was first used in 1995 is to prevent the cloning of credit cards within physical stores. The MasterCard payment circuit has been using the CVV on its cards since 1997, Visa since 2001.

For each online card transaction, the cardholder is required to enter the CVV code. In this way, the bank will be able to verify that the actual holder of the credit card is responsible for making the payment.

The CVV is not as advanced and innovative authentication system as the new SCA (two-factor authentication) and 3DS 2.0 introduced by the European PSD2 legislation, but it represents an important safety factor. Credit Institutions always advise activating a notification system related to money transfers. In this way, it will be easy to identify any unauthorised payment in time.

Let’s find out together where to find the CVV on credit card, when to use it and how to use it to pay securely.

 

CVV on credit card: where to find it

Where do we find the CVV codes  for the different types of cards available? The location of the code depends on the card payment circuit.

  • For Visa and MasterCard cards, the CVV / CVC code can be found on the back of the card, imprinted inside the white band where the cardholder must put his signature. For these circuits, the CVV is three digits.
  • In American Express cards, the CID code is located on the front of the card, stamped on top of the card’s identification number. And for this circuit, the CID is four digits.

As already mentioned, the CVV code is useful for online purchases. Some payment cards do not have this security code. Among these we find:

  • The VPay ATM of the Visa circuit, with which it is impossible to carry out online transactions;
  • The old debit cards associated with the Pago Bancomat and Maestro payment circuits, with which it is not possible to make online purchases. In contrast, the code is present in the new debit cards MasterCard and Visa Debit.

 

When and how to use the Cvv code

The CVV on credit card as well as other cards is required by most sites to authenticate online payments. In fact, on the check-out page of any e-commerce, the user who makes a payment by card must enter the following data:

  • Card identification number;
  • Cardholder data (Name and Surname);
  • The expiry date of the card (month and year);
  • CVV code.

The CVV is the code that allows you to verify the actual veracity of the card. In fact, by entering it, the bank will be able to confirm that the card has not been cloned or stolen.

It is essential to remember that the CVV code is not a PIN. The PIN is a 5-digit code provided secretly to the cardholder. It is used to authenticate withdrawal transactions at ATMs and in-store payments using a POS payment terminal. The CVV on credit cards and debit cards is the 3 or 4-digit code shown on the card, useful for remote money transfers. In payments with POS or NFC technology, the CVV entry is not required. In fact, all the information connected to it is already transferred to the terminal via the magnetic strip.

What if you enter the wrong CVV code? The transaction will simply not be successful, and you must repeat it correctly.

 

Online credit card payment: 5 tips to prevent fraud

Here are five simple tips to check the security of your online transactions and avoid being defrauded:

  1. Check that the payment URL contains the words “https” and that the Browser is secure by identifying the padlock symbol on the bottom of the page;
  2. Never send your payment card details via email or SMS;
  3. Cover the CVV code of your card with an adhesive strip;
  4. Periodically check the account statement to verify that there are no unauthorised transactions;
  5. Activate the notification service via App or SMS for every money transfer made from your credit, debit or prepaid card.

Now that you know what the Cvv on credit card is, where to find it and its importance in the online payment world, we urge you to always be extremely careful with your cards even amongst close friends.

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About the Author: Richard Anthony

Blogger/Freelancer/Content Writer/Digital Marketer

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