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Card Verification Value (CVV)

Financial term in the General category

Definition

The 3-4 digit security code on the back of credit cards used for online and phone transactions. Provides additional fraud protection by confirming physical card possession.

Related Terms

Fraud Protection

Credit card security features that detect suspicious activity and provide zero liability for unauthorized charges. Federal law limits cardholder liability to $50, but most issuers offer $0 liability.

Frequently Asked Questions

What is Card Verification Value (CVV)?

The 3-4 digit security code on the back of credit cards used for online and phone transactions. Provides additional fraud protection by confirming physical card possession.

Why is Card Verification Value (CVV) important in personal finance?

Card Verification Value (CVV) is an important general concept that helps individuals make better financial decisions. Understanding Card Verification Value (CVV) can improve your financial planning and help you achieve your money goals.

How does Card Verification Value (CVV) relate to Fraud Protection?

Card Verification Value (CVV) and Fraud Protection are related financial concepts. Credit card security features that detect suspicious activity and provide zero liability for unauthorized charges. Federal law limits cardholder liability to $50, but most issuers offer $0 liability.

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