In this article we are going to explain the use of a CVV number in a credit card.
Acronym for CVV number is Card Verification Value. It is required to complete online transactions. For offline transaction, CVV number is not required. CVV is usually a 3 digit number for visa and master cards and a 4 digit number for american express cards.
Is it ok to share CVV with someone ?
No, Do not share CVV with anyone, even with banking officials.
Do bank executives call and ask for CVV details ?
No, They don’t.
Do we need to furnish CVV details while reporting lost card ?
No, we need not to have to furnish CVV details to block a card.
Can online merchants store CVV in their database ?
No, they cannot store CVV details in their database.
Learn more about safety tips for protecting your credit card in an article written earlier.
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