Like a credit card, your debit card has several sets of numbers printed on it. There’s the card number, which is a 15- or 16-digit number that’s typically on the front of your card. And your card might also have issued and expiration dates on the front.
CVV Codes: What is security code on credit card or debit card?
A debit card security code is a 3- or 4 digits number located in the signature box, just near the magnetic stripe on the card’s back. You may also hear this number referred to as a card confirmation code, CVC, card confirmation worth, or CVV.
The Both debit and credit cards can have a card security code. Some card providers, like American Express, attribute this code on the front of the card.
But there are essential distinctions between what occurs in terms of security when you swipe that magnetic strip with a debit card versus a bank card.
When you utilize a debit card to buy or pay an expense, you’re using your own money, drawn straight from the savings account the card is connected to. Utilizing a bank card is essentially utilizing the card company’s money, which it’s consented to finance to you, to make a purchase or pay a costs.
On Visa, Mastercard and Discover card, the security code will be three numbers on the back of the card, just to the signature panel’s right. However an American Express card’s security code is a four-digit number provided on the front of the card, a little above and to the card number’s right.
When you get a debit card, you can manage your bank account’s money in a more comfortable, safe, and intuitive way. To obtain it, you only have to open a savings or checking account, and in a short time, a debit card will be generated that will be in your name.
Card Verification Value, CVV or CVV2, is an authentication system set by credit card companies to further reduce fraud for web purchases. The cardholder must get in the CVV2 number at purchase time to validate that the card is on hand.
Sometimes, the CVV2 is also referred to as:
- Card Verification Data (CVD)
- Card Security Code (CSC)
- Card Verification Value Code (CVVC)
- Verification Code (V-Code or V Code)
- Card Verification Code (CVC or CVC2)
- Card Code Verification (CCV)
The verification code of the bank card or CVV2 is useful to confirm the power of the person who uses the card. It is known when shopping online (over the Internet). In addition to the card number in virtual transactions, this number is requested, located on the back.
The CVV or CVC Code is the card’s code. You may see that expiration date and CVV or CVC are always changed in the case of loss or replacement by another. But never the main number, unless the customer cancels the existing contract and makes another contract with a financial institution.
This card security code is generally composed of 3 digits on Visa and Mastercard cards, which are printed on the signature band located on the back of the card. The specific objective of the CVV Code is to increase security in the electronic operations that we carry out with the cards. These are classified into different models of applicability. But we will see that later.
Types of CVV Codes:
At present, it is known that there are two different types of CVV, which are classified by a key of numbers composed of digits.
- Verification Code 1 (CVV – 1): This is found on the second track of the magnetic stripe on the same card. For this particular case, it is used in those transactions in which the card is used in person.
- Verification Code 2 (CVV – 2): This is the most common and on which we have used assiduously since the previous one is read automatically and does not depend on us.
To be punctual, this code is requested from us in monetary movements that are not physical, such as Online and telephone purchases.
In some countries, the seller is obliged to request this code for the transaction to be valid, while it is optional in other countries. In this case, the digits correspond to a random algorithm that is included in the cards that are not overprinted and, on the backside, to enter in all electronic transactions in the use of virtual POS terminals.