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CV2 compulsory!

edited Nov 28, 2019 12:10PM in Accounting / ERP 10 comments

CVV2/CSC made mandatory


From 1st October 2009 CVV2/CSC (security code) will be made mandatory on all Visa cards.
What is CVV2/ CSC?

All credit and debit cards carry a security code number. This number is known to the bank and printed on the card, but is not stored or printed anywhere else. Therefore, it can be used as a confirmation that the person using the card to make a purchase is in physical possession of the card, or has at least seen the card at some time. Although it doesn’t shift liability from you the merchant, it does help in the task of spotting fraudulent transactions.

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