What is the Meaning of CVV?

Purchasing items online through website channels or mobile apps using your credit card requires you to furnish certain details regarding your card. These include your credit card number, the name on the card, and the expiry date mentioned on the card. It also asks you to enter a CVV number to validate your purchase. While all your other credit card details can be saved, this one number cannot be pre-saved and requires you to enter every time you make a purchase. Only when you enter the correct credit card details with CVV, the vendor validate your transaction and process your purchase request.

To understand the dependent relationship between a credit card and CVV, let us take into account four critical questions- What does CVV stand for? What is the meaning of CVV in credit cards? How to find a credit card CVV number? Why can you only purchase when you enter your credit card details with CVV?

What is the Full Form of CVV?              

Before understanding what is meant by the CVV number, it is important to know what is the full form of CVV. Well, CVV stands for card verification value. It is a value that is assigned to credit cards and is unique to them.

What is the Meaning of CVV Number on Credit Cards?          

Cyber frauds have replaced physical card frauds after chip-enabled card technology which made it harder to steal funds. To counter this risk of online information theft and fraudulent activity, CVV was introduced. The credit card CVV number is indicated by a three-digit or four-digit number that can be found on your credit card and is accessible only to you. You require both the credit card number and CVV if you are to make a purchase online.

How to Know CVV Number on Credit Card?       

If you have been wondering how to get CVV from a credit card number, you need to know that the credit card number and CVV are different values. For MasterCard, Discover, and Visa, they are located in different places. While the credit card number is located on the face of the card, you will find the credit card CVV number on the back of your card in the form of a three-digit code. For American Express, however, the card verification value is mentioned on the face of the card along with other credit card details.

Why do Credit Cards Have CVV Codes?        

A credit card CVV number acts as a security feature and adds a layer of protection against cyber fraud when you use the card for purchases. The card verification number on a card is not a combination of random digits, instead, it is a carefully generated number using a special, undisclosed, precise algorithm. This makes the CVV number on the card both unique as well as safe. Once generated by credit card issuers, the credit card CVV number is printed on the credit card and can only be accessed by the cardholder.

As the Payment Card Industry’s security standards prohibit the storing of card verification value, it needs to be entered every time a purchase is made. This allows your funds to remain safe from any suspicious activity. As credit card no and CVV goes hand in hand, hackers cannot use a credit card without a CVV code, even when having access to other information related to the credit card.

How Can I Protect My CVV Number? 

To protect yourself from information theft and prevent fraudulent activity on your credit card, you need to protect your CVV. Here are ways in which you can keep your credit card CVV number safe.

  • Don’t share your CVV or other credit card details with anyone
  • Do not write down your credit card CVV or store it in an online or desktop folder
  • Do not leave your credit card unattended
  • Use your credit card for purchases only on trusted websites that have https:// and SSL padlock
  • Do not enter your credit card details on unknown or unprotected WiFi networks
  • Install anti-virus software to scan your computer from any malware or threats
  • Protect your devices with a password
  • Do not share sensitive financial information over the phone
  • Keep a tab on your credit card activity and look out for any unauthorized transactions on your credit card

Frequently Asked Questions about CVV

  • ✔️Where is the CVV number located on a credit card?

    For MasterCard, Discover, and Visa, they are located in different places. While the credit card number is located on the face of the card, you will find the credit card CVV number on the back of your card in the form of a three-digit code. For American Express, however, the card verification value is mentioned on the face of the card along with other credit card details.

  • ✔️What is the use of a CVV number?

    A credit card CVV number acts as a security feature and adds a layer of protection when you use the card for purchases. As the payment industry’s security standards prohibit the storing of card verification value, it needs to be entered every time a purchase is made.    

  • ✔️Where can I use a credit card without the CVV numbers?

    Credit card number and CVV go hand in hand and you cannot use a credit card without a CVV code. If you do not have a credit card yet, apply for a credit card now!