CCV usually refers to Card Verification Worth. It is a safety function for credit score or debit playing cards offering a three- or four-digit quantity positioned on the cardboard. For example, on Visa, Mastercard, and Uncover playing cards, it’s a three-digit quantity printed on the again of the cardboard, usually within the signature space. On American Specific playing cards, it’s a four-digit quantity printed on the entrance.
The significance of this code lies in its function in stopping fraudulent actions. It’s designed to confirm that the person utilizing the cardboard possesses the bodily card on the time of transaction. Its use reduces the chance of unauthorized card use in on-line or phone purchases, as this quantity will not be embossed on the cardboard and, subsequently, is much less more likely to be saved by retailers. The introduction of this safety measure considerably improved transaction safety for each customers and retailers.