The Card Validation Code (CVC2), a 3-digit security code used for securing e-commerce and telephone order transactions, is not at risk of being compromised in a PayPass contactless card transaction.
What does CVC2 stand for?
CVC2 stands for Card Validation Code (credit card fraud prevention mechanism)
This definition appears frequently and is found in the following Acronym Finder categories:
- Information technology (IT) and computers
- Business, finance, etc.
See other definitions of CVC2
- Corporate Venture Capital
- Corporate Visit Center
- Country Vélo Club (French country club)
- County Voluntary Council (Wales, UK)
- Current-to-Voltage Converter
- Current-Voltage Curve (physics)
- Customer Value Contract
- Customer Value Creation
- Cuyahoga Valley Church (Broadview Heights, OH)
- Coherent Video Cancellation-Moving Target Indicator
- Combat Vehicle Command and Control
- Canada's Venture Capital and Private Equity Association
- Canadian Venture Capital Association
- Carroll Valley Citizens Association (Carroll Valley, PA)
- Cascade Village Condominium Association (Colorado)
- Cedar Valley Cultural Alliance (Cedar Falls, IA)
- Central Vermont Community Action
- Central Virginia Cattlemen Association
- Centro de Validación y Control de Acceso
- Charles Village Civic Association (Maryland)
Samples in periodicals archive:
In order to successfully create plastic cards, which could be used to retrieve cash at the ATM, criminals need to recreate the Code Verification Value (CVV) or Card Validation Code (CVC), authentication codes created by Visa and MasterCard.
Included on the new card are a tamper-evident signature panel, dual card validation codes (CVC), indent printing on the signature panel, and a unique embossed security character.
In 1988, MasterCard introduced Card Validation Code (CVC) to its members as an optional feature to protect MasterCard cardholders, merchants and members from counterfeit fraud.
MasterCard Security Initiatives Combat Fraud MasterCard has led the industry in the development of security features such as the first tamper-evident signature panel, the use of three-dimensional holograms, and card validation codes (CVCs).
In addition, fraud is declining in almost every MasterCard region and with our Card Validation Code (CVC) program in place, we expect this trend to continue.