What is CVV Verification?
CVV verification is a security measure used by online merchants to ensure the cardholder is in possession of the physical card during a transaction.
How CVV Verification Works
When making an online purchase, the CVV is a three or four-digit number printed on the back of the credit card. The merchant uses this number to confirm that the card is present.
CVV Verification Process
- The customer enters their card details and CVV during checkout.
- The merchant sends the CVV to the card issuer for verification.
- The card issuer confirms the CVV matches the card on file.
Importance of CVV Verification
CVV verification helps prevent fraud by ensuring that the card is physically present at the time of the transaction.