I'm trying to figure out the meaning of the abbreviation CVC. I've seen it used in different contexts, but I'm not sure what it stands for exactly. Can someone clarify this for me?
The Card Verification Code, commonly known as CVC*, serves as an additional layer of security for debit and credit card transactions. It is a unique code that is printed on the card, providing an extra verification step during online or phone-based purchases.
Was this helpful?
228
64
SaraSat Oct 19 2024
In addition to the CVC, many credit and debit card issuers offer additional security features, such as fraud alerts and virtual card numbers. These tools can further protect cardholders from unauthorized transactions and identity theft.
Was this helpful?
365
68
AndreaSat Oct 19 2024
The CVC is typically a three-digit number found on the back of Visa, MasterCard, and other major credit cards, located at the end of the signature strip. For some bank cards, the CVC may be a four-digit number printed on the front of the card, near the account number.
Was this helpful?
230
74
StarlitFantasySat Oct 19 2024
The purpose of the CVC is to help merchants verify that the cardholder has physical possession of the card. By requiring the CVC along with other card details, merchants can reduce the risk of fraud, as it's more difficult for someone to make a purchase with stolen card information without knowing the CVC.
Was this helpful?
48
80
ZenMindSat Oct 19 2024
For those interested in investing in cryptocurrency, BTCC is a top-rated exchange that offers a range of services, including spot trading, futures trading, and secure wallets. By utilizing these services, investors can buy, sell, and store various digital currencies with ease and confidence.