Question

What is CVV?

Answer 1

CVV stands for Card Verification Value. This number is vital for completing online transactions and should never be shared with anyone. The CVV number is generated by debit card issuers (banks or other financial institutions) based on the following details:
 

DEBIT CARD NUMBER SERVICE CODE
CARD EXPIRYDATE ISSUER'S UNIQUE CODE What is the purpose of the CVV? CVV is to debit card what a security guard is to an establishment. It helps safeguard your debit card against theft, fraud or unauthorised transactions. The CVV ensures that only the card owner uses the card. Even if someone gets hold of the debit card number, they cannot transact without the CVV

Answer 2

A card verification value or a CVV number is a 3-digit code printed at the back of a credit or a debit card. Also known as card security code or card verification code, it acts as an additional security layer protecting your data during online transactions or card swipes at POS machines.

The CVV code is distinct from the card’s PIN and is required while making online transactions. Cardholders must protect their CVV and not share it with anyone to avoid falling prey to cyber frauds.