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What is a CVV code and why is it required?

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What is a CVV code and why is it required?

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CVV code stands for Card Verification Value Code. The CVV code is a security feature for “card not present” transactions (e.g., Internet transactions), and now appears on most (but not all) major credit and debit cards. This new feature is a three- or four-digit code which provides a cryptographic check of the information embossed on the card. Therefore, the CVV code is not part of the card number itself.

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