3-digit Security Code (CVV2/CVC2)
The 3-digit security code is an important security feature for merchants who accept
Visa (CVV2) and MasterCard (CVC2) as payment over the telephone or online. Located
on the back of all cards, the security code consists of the last three digits printed
on the signature panel. In the card-not-present sales environment, the security
code is an excellent tool for verifying that the customer has a legitimate card
in hand at the time of the order.
Why Verify the Security Code?
Merchants who use the security code benefit in a number of ways:
- Enhanced fraud protection. Because card-not-present merchants are at greater
risk for stolen account number schemes, you need to be diligent in your fraud control
efforts. Verifying the Security Code processing can help a merchant differentiate
between good customers and fraudsters who operate anonymously. It allows you to
make a more informed decision before completing a non-face-to-face transaction.
- Reduced chargebacks. Verifying the security code potentially reduces fraud-related
chargeback volume. Reduced fraud-related chargebacks translate into maximized profitability.
- Improved bottom line. For card-not-present merchants, fraudulent transactions
can lead to lost revenue and can also mean extra processing time and costs, which
often narrow profit margins. Verifying the Security Code complements your current
fraud detection tools to provide a greater opportunity to control losses and operating
costs.
Learn more about the 3-digit Security
Code.