The CVV, what is it for?
Surely more than once you have asked yourself what exactly the famous CVV of your debit, credit, prepaid or online payment card is for; effectively, that figure made up of three or four digits that you have to enter every time you make a digital payment.
Well, the CVV (Card Verification Value) is a security or validation code normally located on the back of the credit card and that prevents fraudulent use of it, as it corroborates that whoever uses a specific card number to make a payment is actually in possession of it. This code, like the expiration date, which you must also indicate every time you make an online payment or any telephone transaction, is unique for each card and is associated with a specific bank account.
- The CVV serves to reinforce security in the use of bank cards in online payment methods.
- Flat printing of the code tries to prevent it from being copied if you try to clone the card.
- The CVV does not appear in the information contained in the magnetic strip, nor in the purchase receipts or invoices for payments made with the card.
Additional validation methods
Another validation method that tries to reinforce the security provided by the CVV for our credit card is the security code or password that comes to our mobile phone when we make a virtual purchase, a key without which we cannot terminate the purchase operation and that, without a doubt, is one more step to save our money.
The CVV, also known by the acronym CVC (Card Verification Code), is essential when paying with mobile wallet technology, that is, through telephone applications that allow us to carry out transactions with our smartphone, a device in which our card bank appears accessible in a virtual way. This type of application, developed by various credit and financial institutions, also allows us to check the card movements or block it in the event of theft or loss, thus increasing our control over it.
In CréditoSí we also bet on technological security to guarantee the protection of your personal data when you request a microcredit or mini-credit with us, because we know that transparency and security are essential to gain the trust of all those consumers who want to keep their credit safe .