Monica Eaton Talks CVV Card Verification in Recent Feature
Chargebacks911® COO Monica Eaton, one of the world’s leading experts on payments and eCommerce security, was asked to offer her insight as part of a new feature for US News & World Report.
US News & World Report is one of the world’s leading resources for news on a wide range of topics. Civic news, health, education, travel, and business all fall within their scope of reporting. And, with online fraud an ever-mounting threat, it’s vital consumers understand the importance of CVV technology.
The CVV (or “card verification value”) is the three- or four-digit card security code printed on credit and debit cards. It’s an important security feature, helping to verify buyers. If a customer can provide a CVV during checkout, there’s a good chance that the buyer is at least in physical possession of the card.
"If a buyer can correctly enter the card's CVV during checkout, it's likely the person at least has the card in her physical possession," Monica says. "That makes it harder for criminals to use stolen cardholder information to make fraudulent purchases." But, as she further elaborates, it’s not a foolproof technology. Fraudsters can still find ways around CVV verification.
“The CVV is sort of like a seatbelt for your credit card,” Monica says. “It’s just one safety measure that, when used in conjunction with others, can offer layers of security for your credit card.”
