Definition, Function, and Location of the CVV Security Code

The CVV security code is a form of protection provided to customers. Such protection is urgently needed. Without it, all forms of transactions made by customers will be very risky. Therefore, every customer must understand the CVV security code. However, what exactly is the CVV security code and what does it do?

The CVV security code is a code given by the bank to customers as a form of protection. Both debit card and credit card holder customers will definitely get this security code. CVV itself stands for Card Verification Value and is printed on cards that use the Visa network.

The CVV security code itself uses a 3 or 4 digit number format. Keep in mind, this security code is different from the PIN (Personal Identification Number) used on an ATM card. This code is attached to the customer's credit or debit card. However, both CVV and PIN security codes are equally important and confidential.

Function of the CVV Code - So, what exactly is the function of the CVV security code for customers? As the name suggests, CVV or Card Verification Value is a tool to verify transactions made by customers. The mechanism is similar to a PIN. If the party wishing to make a transaction cannot enter the CVV correctly, then the transaction will not be processed by the bank.

For example, you own a food business and want to transfer money to a supplier. Transactions use direct debit payments. For verification needs, the system will definitely ask for CVV. However, since you don't know where the CVV security code is, this question cannot be answered. Finally the transaction can not be continued.

Location of CVV ​​Security Code - to prevent this from happening again, always remember your CVV security code. To find out is not difficult. Try taking out your credit or debit card. Look at the back of the card, in the magnetic tape area. Right below the magnetic tape there is a white line that is usually used for affixing a signature. CVV is a 3 or 4 digit number located in the right corner of the white line.

On a debit card, in addition to the security code, the card number, card expiration date, card owner's name, and of course the chip are also listed. Each of these elements is important in customer banking activities. For that, make sure you understand the purpose of each element and still ensure safety.

Be Careful Using the CVV Code - Even if the CVV security code is installed on your credit or debit card, only the owner can know the code.

So, for example, if you make a transaction with a credit card or debit card and then have a problem, never provide the CVV code.

Likewise when making online transactions, try to only transact on trusted websites or e-commerce sites that have a proven reputation. It's also a good idea to avoid public internet networks (public Wi-Fi) when you make transactions that require the CVV security code. Because, it is very risky and vulnerable to security attacks.

For business owners, it is important to provide secure payment methods to protect customers. That way, protection such as the CVV code applied by banks also works optimally.