These days, the E-commerce platform has been the most convenient channel in Thailand for consumers to go online and do their shopping. Credit and Debit card is one of the most Thai’s preferred online payment method, which could play a significant role for the country to become a ‘Cashless Society’ among its neighboring nations.
Although using credit and debit cards for online payment could be simple and easy, fraud issues might commonly concern many cardholders. Therefore, every time you use your Credit Card online, you are asked for a CVV number which is one of the most important numbers on your Credit or Debit Card as the main purpose of a CVV is fraud prevention. It was formulated, so Hackers are unable to get the CVV numbers that are there on the cards.
Do you know what Credit Card CVV stands for?
CVV stands for Card Verification Value. Usually, this is a three- or four-digits unique number found at the back of the Card. The process depends on two levels of authentication – the correct card number and the correct CVV number will be required when making transaction.
Although merchants are basically authorized to save your Card Number, they are prohibited from storing the Credit Card CVV in their databases, which is why you need to enter it whenever doing online purchasing. Please bear in mind to keep your card information, especially CVV safe. Ensuring that the computer you use to do online purchases is fully protected with anti-malware and anti-virus software.
