It is never acceptable for acquirers, merchants, or service providers to retain CVV2 & CVC2, which consists of the last three digits printed on the signature panel of all Visa & MasterCard cards, subsequent to transaction authorization. The Visa & MasterCard Operating Regulations prohibit such storage, whether encrypted or unencrypted.

CVV2/CVC2 is a three digit security code, located on the back of your card. As displayed in the example bellow. This code is a supplementary safety element for validating an authentic card during a transaction. All MasterCard cards, debit or credit, have a CVC2 code since January 1st, 1997 while Visa cards have the CVV2 code since January 1st, 2001.

Answer: The CVV2/CVC2 is a three-digit security code that is printed on the back of credit cards. The number appears in reverse italic at the top of the signature panel at the end. This program helps validate that a genuine card is being used during a transaction. All MasterCard cards, both credit and debit, were required to contain CVC2 by January 1, 1997; all Visa cards must contain CVV2 by January 1, 2001.

To help reduce fraud in the card-not-present environment, credit card companies have introduced a card code program. Visa? calls this code Card Verification Value (CVV); MasterCard? calls it Card Validation Code (CVC); Discover? calls it Card ID (CID). The card code is a three- or four- digit security code that is printed on the back of cards. The number typically appears at the end of the signature panel.

Those 3 (or 4 for American Express) digits are for a fraud-prevention system used by our credit card processor to verify that the customer actually has the card. Since those numbers do not appear on any statement or receipt, only the cardholder would have access to it. We require the Card ID as well as the billing address to match the numbers on file with your credit card company in order to accept your card as payment.

CVC2 or the Card Validation Code is the secret number, which you require to use your meNETPAY card. We will communicate this to you along with other details of meNETPAY.

CVV2 is a new authentication scheme established by credit card companies to further efforts towards reducing fraud for internet transactions

It is never acceptable for acquirers, merchants or service providers to retain magnetic stripe data, including the Card Verification Value or Code (CVV2/CVC). The Visa and MasterCard Operating Regulations prohibit storage of the contents of the magnetic stripe data. The Card Verification Value or Code (CVV/CVC) is a three-digit code located on the back of a card, inside the signature panel area. The three-digit code helps merchants ensure that the card is in the owner's possession.