RE:Credit card frauds: Can you prevent them
by Prasanna Zore on Jan 31, 2007 02:54 PM Permalink
CVV number is a unique way that helps the merchant understand that the card is genuine and it belongs to the person who is swiping it at her/his outlet. Striking that off could lead to a lot of confusion.
RE:RE:Credit card frauds: Can you prevent them
by Dhruman Patadia on Jan 31, 2007 03:03 PM Permalink
CVV has no role in POC transactions. Subbu sh's suggestion makes a lot of sense. Just strike off the CVV completely from the back of the card - Then, if the card is lost, or handed over to waiters in restaurant, they cant see the CVV number and cant make any online transactions. Only the owner (who remembers the CVV) can make online transactions. The merchants have nothing to do with CVV - they swipe the card on the EDC and thats it. No confusion
RE:RE:RE:Credit card frauds: Can you prevent them
by on Jan 31, 2007 03:55 PM Permalink
if thats the case, then why does bank print on the credit card itself. It can be sent to the end users seperately via post like a ATM password.
RE:RE:RE:Credit card frauds: Can you prevent them
by ramprasad on Feb 01, 2007 01:57 PM Permalink
credit card itself is ment for a fraud business. why do you think off preventing .
