My Merchant Account Blog

Vetting the Transaction - Card Verification Value or Card Identification Number

Friday, January 08, 2010

Card Verification Value (CVV / CVV2), Card Verification Code (CVC / CVC2) and Card Identification Number (CID) (Card Verification Value - Card Verification Code - Card Identification Number) is / was a way the card associations (Visa / MasterCard / American Express / Discover) came up to help verify the transaction.  It was supposed to "verify" the cardholder had the card in his / her hand during the checkout process.  The card associations told the merchants not to store this number anywhere on their systems, to help prevent hackers from obtaining this number.  Unfortunately within a few months, these numbers were available along with the credit card numbers and billing ZIP code. 

Chances are also pretty good that you, as a merchant, are already using and relying on this feature without even knowing it - just like Vetting the Transaction - Address Verification Service (AVS).

However, electronic payment gateways should still support this feature and should be used when vetting the transaction.  If the numbers do not match, a closer look should be made (Vetting the Transaction - More Options).  If this feature is not offered by the electronic payment gateway consider Changing Merchant Account Providers and / or electronic payment gateways.

The Quantum Gateway is one of the electronic payment gateways that supports and recommends that Internet and Telephone merchants use the CVV2 / CVC2 / CID (Card Verification Value - Card Verification Code - Card Identification Number to help prevent fraudulent transactions and chargebacks.

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