What is Card Security Verification (CVV2)?
Card security verification collects the non-embossed 3- or 4-digit numeric code on the credit card provided at the time of purchase. Statistics prove that individuals, who possess the account number, but not the actual credit card, perpetrate much of the non-face-to-face fraud. Merchant account holders that fully support card security verification when you accept credit cards can expect fewer fraudulent transactions, reduced cardholder disputes, and improved customer satisfaction. The processor routes the card verification request from the merchant account holder directly to the specific credit card association. The card security value is then compared to the card issuer’s value on file. Credit card processing verification programs are offered by the major card associations and are known as CVV2 (Visa), CVC2 (MasterCard), CID (American Express) and CID (Discover Card).
