What does cvv mean for a credit card?
What does cvv mean for a credit card
Pronunciation
/ˈtvii/
Part of Speech
Noun
Definition
The Card Verification Value is a security code typically found on the back of a credit or debit card, which helps to verify the card’s authenticity and prevent fraudulent transactions.
Examples
- When making a purchase online, you may be asked to provide the cvv code from your credit card.
- Make sure to keep your cvv code confidential to avoid identity theft.
Synonyms
- CVV2
- Security Code
Etymology
The origin of the term “cvv” is unclear, but it is believed to have been introduced in the early 1990s as a way to improve credit card security.
Additional Information
The cvv code is usually three or four digits long and is typically printed on the signature panel of the card. It is not the same as the expiration date or the card number, and it should only be shared with authorized parties. Credit card companies use the cvv code to verify the card’s authenticity when a transaction is made online or over the phone.
It is essential to keep your cvv code confidential and never share it with anyone who may try to steal your identity. Losing your cvv code can be a security risk, and it is crucial to report any missing or stolen cards to your bank or credit card company immediately.