Simpler Smarter Savings

For any credit card holder, card security is always of paramount concern. From online shopping to making physical purchases, cardholders rely on optimal and effective protection. With the rise in identity theft, countless consumers have assessed millions of dollars in credit card damages. As a result, their credit reports and scores have also been severely impacted. For credit card companies, identity theft and unauthorized charges continues to be a major problem. While credit card insurance and protection programs are available, they simply cannot stop credit card fraud from occurring. In addition, some credit card companies are now charging $50 and more in processing fees to restore credit. This all boils down to one simple fact; credit cards must be 100% protected to counter identity theft and foreign intrusion.

As a way to combat credit card theft, CVV and CVC codes are widely utilized in the credit card industry. CVV and CVC codes are normally three digit codes, which appear on the back of your credit card, next to the signature strip. These security codes play a key role in protecting customers from credit card fraud. As a formidable card security feature, these codes are designed to enhance protection across vast commercial networks. This includes online, mobile and in-store retail purchases. Since CVV and CVC codes do not appear on the magnetic stripe of the card, they are not included in most store transactions. There are, however, some merchants that do require the code. Once they obtain it for security or purchasing purposes, they must not keep a record of it. Failure to do so can result in extensive fines and even imprisonment. This is also a way to prevent corrupt merchants from keeping your information on file, and try to use it later.

Without CVV and CVC codes, credit cards are rendered practically useless. Since corrupt merchants cannot visually record your credit card codes, they are unable to process unauthorized charges. They also cannot use the information to make illegal purchases over the Internet, phone, or via mail. As a result, card security is heightened, and customers can feel safe and secure about all their purchases. With this level of protection, one may wonder why credit card theft is still on the rise. One of the main reasons is physical credit card theft or lost cards. This basically allows criminals to use the card as desired, since the CVV and CVC codes are present. While credit card protection programs can detect suspicious activity, most of them respond after the fact. With CVC codes, however, you never have to worry about credit card theft, so long as you keep the card in your possession at all times.