First, before we ask about Verve cards and CVVs, we need to know what CVV is. This is an acronym for Card Verification Value. It’s generally an integrated feature used in debit and credit cards to verify a card’s owner.
In most cases, you need the CVV when transacting online or when accessing the ATM. You may also know it using other names such as CVC (Card Verification Code) or CSC (Card Security Code).
Now that you know what a CVV is, we can answer whether a Verve card has one or not.
Locating the CVV in Verve Cards
If you have already used the Verve when transacting online, it means you have already used its CVV number. The Verve card’s CVV number is located on the signature panel on the card’s back part.
On the back part of the card, on the signature tape, there are seven digits there. The first four digits are the same as those in the card number. For the CVV, we don’t need those. We require the last three digits. That is what represents the Card Verification Value.
This number is what you need every time an online transaction requires the card’s verification. Just like any other debit or credit card, the CVV on the Verve card will have two components.
First, there is a code that is recorded on the magnetic tape that runs along the card’s back part. The card’s issuing institution is the one responsible for embedding the code in the tape. To recover it, you have to slide the card on a stripe reader to get the data.
Typically, this tape contains large amounts of data pertaining to your account details. The second part is what we are interested in on this blog. The CVV number is included somewhere in the middle of the card where you see the signature panel.
For the CVV, in the seven digits, it’s the last three digits that seem separated from the first four. Other cards such as the American Express card will have four figures representing the CVV. For the Express card, you will see it at the front.
Why Do You Need CVV on Verve Cards?
The CVV is the number you need to protect your card (and the linked account) against fraud. There are cases where the information on the magnetic stripe is changed. In such a case, when you swipe the card, it will indicate an error.
For the CVV, it will identify that you are the card’s owner when transacting online. That is why most sites will require it if you’re using the Verve card to pay. When you feed in this number, the merchant’s site knows that you are indeed holding the card.
It’s also common to find local merchants checking the CVV physically. While it’s a proper way to ensure card’s protection, the CVV cannot be used to protect against every fraud case. At times, the card is either stolen, lost or the user is tricked into providing crucial information.
At such a point, it’s advisable to contact your card’s provider and make some changes. Otherwise, some unauthorized transactions may take place without your knowledge.
NB: Always keep your card safe and don’t give your CVV, PIN, or any other card details to unauthorized channels. It’s also a good idea not to show people the Verve card you are possessing.