With respect to credit cards and debit cards,________ is a three-digit code located on the back of the card which is used for authorization by the card-issuing bank,to combat fraud in online purchases.
A) competitive fraud detector
B) card verification value
C) online purchase processor
D) card detection value
E) purchase processing value

Question

Quizplus · Accepted Answer

The three-digit code located on the back of credit and debit cards is known as Card Verification Value (CVV) or Card Security Code (CSC). It is used to verify that the person making the purchase physically possesses the card and is authorized to use it. This code helps combat fraud in online purchases. Competitive fraud detector, online purchase processor, card detection value, and purchase processing value are not relevant terms in this context.

With Respect to Credit Cards and Debit Cards,________ Is a Three-Digit