The meaning of CVV and CVC relates to anti-fraud measures used by credit card companies. Both terms refer to a security code printed on credit cards, although the specific acronyms differ based on the card network.
Understanding CVV and CVC
Here's a breakdown of these crucial security elements:
Card Verification Value (CVV)
- Definition: CVV stands for Card Verification Value.
- Usage: Primarily used by Visa.
- Location: Typically found on the back of most credit cards, usually within the signature panel.
- Format: It's a three or four-digit number.
Card Verification Code (CVC)
- Definition: CVC stands for Card Verification Code.
- Usage: Primarily used by Mastercard.
- Location: Also typically found on the back of most credit cards, within the signature panel.
- Format: Like the CVV, it's usually a three or four-digit number.
Purpose of CVV and CVC
- Anti-Fraud Measure: The primary function of the CVV/CVC is to protect against fraud. It's an anti-fraud measure used by credit card companies. This number provides an extra layer of security for card-not-present transactions (like online purchases). It helps verify that the person using the card has the physical card in their possession.
- Security During Online Transactions: When making purchases online or over the phone, merchants will often request the CVV/CVC code. Since this number is not embossed on the front of the card, it cannot be easily stolen by skimming or other forms of card theft.
- Added Security Layer: The CVV/CVC adds an extra security layer to the card number, the expiration date, and the cardholder's name.
Table Summary
| Term | Meaning | Used By | Location | Number of Digits | Purpose |
|---|---|---|---|---|---|
| CVV (Card Verification Value) | Card Verification Value | Visa | Back of card, signature panel | 3 or 4 | Anti-fraud; Card Verification |
| CVC (Card Verification Code) | Card Verification Code | Mastercard | Back of card, signature panel | 3 or 4 | Anti-fraud; Card Verification |
Important Considerations
- Never Share: It’s essential never to share your CVV/CVC with anyone through email, phone, or any unsecure methods.
- Secure Websites: Always ensure you're using secure websites (look for "https" and a padlock symbol) when making online purchases.
- Protect Your Physical Card: Secure your physical card to prevent unauthorized access to the CVV/CVC.
In summary, both CVV and CVC represent crucial security features that protect credit card users from fraudulent activities. They are a required component for many online and phone-based transactions.
