Card Validation Code 2 (CVC2)
The Card Validation Code 2 (CVC2) is a critical security feature incorporated by MasterCard, contributing significantly to secure card-not-present transactions. This three-digit code, situated on the reverse of the card, parallels the CVC or CVV employed by other card networks.
During an online or telephone transaction, the merchant may solicit the CVC2 to ascertain the physical possession of the card by the cardholder. By making this request, the merchant validates that the user of the card number holds the actual card since the CVC2 is omitted from the card’s magnetic stripe or chip data.
This verification procedure helps to mitigate fraudulent activities, ensuring the safety of the consumer and the merchant, thus adding another layer of trust and security to digital transactions.