The 3-digits security at the back of your card issued by your bank is known as the CVV2 and it stands for Card Verification Value 2. This security code imprinted at the back of your card next to the signature panel is used to authorize transactions – should the card not be physically available.
When making online purchases, CVV2 comes in handy, this layer of protection is done in an effort to prevent fraudulent activities with your card.
How does the CVV2 work?
The most convenient way to make purchases at the comfort of your own home is through the internet. The internet has the largest online community with different interests. Crime online is massive, many people are scammed every day, on a daily basis cards gets stolen or lost, and thus when that happens, it’s of vital importance that you report the matter to your banking provider or contact the Global Emergency Assistance to get your card block within 30 minutes.
- When making online purchases – during the transaction you are usually asked for the 3-digit CVV2 Security Code to proceed with the transaction.
- The CVV2 can be physically checked on the back of your card next to the Signature panel
- This is a way of letting the merchant that you have your card in your hand, after entering the code, your card issuer will verify the code with an extra layer of security to help protect you.
- CVV2 will help you protect your VISA card from fraud, making secure purchases online is important – please make purchases on secured websites, should you suspect any fraudulent activities, contact your bank or GEA (Global Emergency Assistance).