CVV code, which stands for Card Validation Value, can be briefly described as the security code of the card. The CVV code, which was created as a precaution against fraud in card payments, came into our lives in the 2000s, when online shopping became widespread.
A special CVV code is created for each card, especially in online shopping, to check whether the card has not been created fraudulently and whether it is a real card. CVV code meaning is not limited within the scope of measures taken for e-commerce. In addition, this code is also used in transactions such as remote shopping and money transfer or loading. This code, created for security, cannot be used for face-to-face shopping or ATM transactions.
What is CVV Code for?
The CVV function, which is designed to protect the parties from situations where they may lose money in card-less transactions called Card Not Present (CNP), fraud, cheating or fraud, provides security in payments. CVV, which is required for online shopping, is one of the security measures taken against identity thieves in online environments. Unlike online shopping, the use of CVV code also provides protection against companies accessing card information due to purchases or payments where the card information is known to the other parties.
What is the Importance of CVV Code?
The importance of the CVV code comes to the fore due to the security it provides, especially in online shopping. In applications where payment is made over the internet, such as online shopping, payments made in digital environments and digital banking, CVV proves that the card belongs to the person making the payment. CVV codes, which are considered as the digital signature of the card holder, prevent the payment from being made without the CVV code, even if information such as card number and expiration date are obtained by someone else.
People who actively shop through online applications may need card storage applications produced for computers or smartphones. In these applications, information such as the card number and expiration date of the card are stored so that there is no need to enter this information each time during shopping. However, CVV codes are not stored. CVV codes also make payment methods from registered cards safe and practical.
Where is the CVV Code Located on Cards?
Credit card CVV code is a special code belonging to the card. It is located above the signature tape found on the back of most cards. The three-digit code above the signature strip on the back of the card is the CVV code of the card. For American Express cards called AMEX, this code is generated as a 4-digit CVV code and is located on the front of the card instead of the back as in other cards.
How to Find CVV Code?
Although the credit card or debit card CVV code is a security method similar to the security measures in 3D Secure payment methods, a new code is not created for each payment. After the card application is approved and your card is delivered to you, this code does not change unless the card is changed. CVV codes are three-digit codes written on the back of the card unless the card was produced with a problem.
What is CVV2 Code?
Codes for credit or debit cards are created by encrypting the card number and expiration date using special methods known only by the bank. These codes, which have not been cracked by any hacking method since the day they were created, are proof that the card is physically in the person doing the shopping. Codes such as CVV, CVV2, CID or CVC, which vary depending on different card types, are all the last three digits of the security codes of the card. CID, which stands for Card Identification Number, is a four-digit security code developed for American Express cards. CVC, which stands for Card Validation Code, is a card security code developed by MasterCard. CVV2 is the security code on VISA cards. On VISA cards, the security code may be expressed as CVV2 or CVV.
