Credit Card CVV Number - What is CVV Code and How to Secure It

The internet has revolutionized the way people shop and make transactions. But with the convenience of online transactions also comes the risk of online fraud. One of the most critical security features that helps protect customers from getting duped online is the Card Verification Value (CVV). Read on to know all about it and get tips on how you can secure it.

What Is a CVV, and Where Can You Find It

A CVV is a unique code generated by the credit or debit card issuer. It is typically located at the back of your card, on or near the signature panel. It is also known as a Card Security Code (CSC), Card Verification Number (CVN), or Card Identification Number (CID). The CVV is typically required when making online purchases or transactions that do not need a physical card swipe.

The CVV code, which is a three or four-digit number, provides an extra layer of security during transactions. Unlike other card information like the card number, expiration date, and cardholder name, the CVV is not stored in the card's magnetic stripe or chip. This makes it harder for fraudsters to steal and use your card information for unauthorized transactions.

What’s the Difference Between CVV and Pin?

It's important to note that there is a difference between CVV and PIN. Your PIN is a four-digit code you use to authenticate your identity when making transactions at ATMs or purchasing at point-of-sale terminals. On the other hand, a CVV is used for online transactions to verify that the person making the transaction either has physical possession of the card or has a virtual card which will be verified through passwords.

Also Read : How To Generate Or Change Credit Card Pin

Also, CVV is generated by the card issuer at the time of issuing the card, and it remains the same till the card expires. If you want to change your CVV, then you need to issue a new card. While the PIN is initially generated by the card issuer for the first time use or temporarily and later on, you can change your PIN whenever you want.

What’s the Difference Between a CVV and a CVV2?

The only difference is that CVV2 is used for card-not-present transactions, such as those made over the phone or via email.

How To Protect Your CVV and Credit Card in General

It's important to protect your CVV because it is an important security feature that helps prevent fraudulent transactions. Fraudsters can use stolen credit card information to make purchases online, but they need the CVV to be able to complete the transaction. Therefore, keeping your CVV safe and not sharing it with anyone can help prevent unauthorized credit card use.

In addition, some merchants may require an additional step, such as entering an OTP, to further verify the transaction. This is because CVV alone may not be enough to prevent all types of fraud. It's always a good idea to be aware of the security features offered by the merchant you are transacting with and take extra precautions, such as regularly checking your bank statements for any suspicious activity.

To protect your CVV and credit card information, it is important to follow certain precautions:

Keep your credit card in a safe place, and do not share it with anyone.

Only enter your CVV when making purchases from secure websites or over the phone with a trusted merchant.

Refrain from writing down your CVV or storing it on your phone or computer.

Regularly check your credit card statements to identify any unauthorized charges.

If you lose your credit card, report it immediately to your lender to prevent fraudulent transactions.

Use a strong and unique password for your online accounts.

Only make purchases on secure and reputed websites.

So, CVV is a critical security feature that protects people from fraud by protecting credit and debit card information during online transactions. Following the above mentioned precautions, you can protect your CVV and credit card information from fraudsters and ensure you get a safe and secure online shopping experience.

Also Read : How To Protect Your Credit Card Information Online

If you are looking for a credit card that is a combination of advanced tech, convenience, and security, then OneCard is an excellent choice for you. With the OneCard app, you can control your credit card very easily. You can set transaction limits for particular types of transactions, block/unblock your physical card with one tap in case it is missing or stolen, and change your PIN anytime you want.