If you are trying to understand what a CVV number is and what function it performs exactly, then you have chosen to read the right article because every information you need that will enlighten you and equip you to be more knowledgeable in that regard is provided here. Let us proceed by finding out what a CVV number really is exactly.
How to find CVV number on your Credit card
Don’t be confused, whether it is called CVV numbers or CSC numbers (“Card Security Code”), or CVV2 numbers, they are all mere different terminology used to refer to the same concept. Normally, it is a 3-digit number located on the back of your credit card, be it MasterCard or Visa card. American Express card, however, is different and has it as a 4-digit number on the front of the card.
Now that you are aware of what a CVV number is and you know that they are completely different from your card’s security PIN number, you need to know how to locate the CVV number of your credit card. It is not actually difficult at all, I mean you don’t have to be an Einstein to locate your CVV2 number. Your CVV number is located on your credit card as displayed below in the image for either Visa or Master Card as well as on American express card.
It is, however, important to note that your CVV number does not have the same location on all credit cards. The location of the CVV number is the same for both Visa and MasterCard credit cards. It is however different for the American Express credit card.
What is the importance of a CVV number?
The CSC is notwithstanding the bank card number which is decorated or imprinted on the card. The CSC is utilized as a security highlight, in circumstances where a PIN can’t be utilized. It makes fraudulent practices virtually impossible and ensures that you are in control of your credit card. The PIN number, unlike the CVV number, isn’t printed or implanted on the card yet is physically entered by the cardholder in case the individual has any reason to make any form of transaction.
Since it is on the card, you can’t get it without the card or a picture of the card. On the off chance that you lost your card, quickly report it lost/stolen to the VISA / Mastercard organization. You can normally discover their client benefit number on the web.
Are CVV numbers the same as your card’s secret PIN?
Some people due to ignorance usually think that the CVV number is the same thing as their credit card security PIN but this general assumption is not true at all. In fact, assuming that both your CVV number and your credit card security PIN are the same comes with grave consequences that can lead you to bankruptcy.
Without any form of controversy, it is very vital to understand that your CVV numbers are NOT your card’s secret PIN (Personal Identification Number), they are two different things entirely. Furnishing an online client or seller with your CVV number gives an assurance to the person that you are truly the owner of the physical credit or debit card.
In case you don’t know, it is also very important that you know that you have no reason to reveal your CVV number to any other person except when you engage in online transactions. You should never make the mistake of imputing your PIN number in case you are required to provide your CVV. It is PIN numbers that gives you access to your credit or debit card at an ATM in case you need to buy anything with your debit card.
Giving out your PIN number to an online Merchant may simply mean that you are walking into a trap that could eventually lead to bankruptcy so you really need to jealously keep your PIN number and ensure that you don’t reveal it to any third party for any reason whatsoever whoever they may be or claim to be.
What is a CVV number?
For some history lessons concerning CVV number, MasterCard didn’t issue any CVC numbers until 1997. As for Visa in the United States, theirs was not issued until 2001. American Express began to utilize the CVV in 1999, and it was a response in order to find a long-lasting solution to the debate on the reliability of card security pin.
Michael Stone in 1995 who was an Equifax representative was the one who created CVV initially in the UK. The idea was eventually embraced by APACS (the UK Association of Payment Clearing Services) and streamlined to the three-digit code known today in the wake of testing with the Littlewoods Home Shopping gathering as well as NatWest bank.