An EON Duo user can generate a new CVV2
, through the EON app, 'anytime, anywhere on demand,' says Baltao, to avoid fraud.
But Ann Davidson, senior risk consultant with CUNA Mutual, said the company has also begun revealing that data from the CVV2
line had also been compromised, leaving the card accounts open to card-not-present theft.
All purchases made with Visa debit will be backed by Visa's multiple layers of security, which aims to reduce the risk of fraud through Visa's Zero Liability Policy, Verified by Visa, E-Promise, AVS (Address Verification Service) and CVV2
(the three-digit code).
Visa Debit is designed to allow one-step online electronic debiting of funds without the need for a customer signature and it is backed by Visa's multi-layered security which is intended to reduce the risk of fraud through Visa's Zero Liability Policy, Verified by Visa, E-Promise, AVS and CVV2
The goal of PA-DSS validation is to help software vendors develop secure payment applications that do not store prohibited data, such as full magnetic stripe, CVV2
or PIN data and ensure that their payment applications support merchant's compliance with the Payment Card Industry Data Security Standard (PCI-DSS).
The security code, referred to as CVV2
or card verification value, helps validate that you actually have the card in front of you as you place the order and that the account is legitimate.
McKindley says CVV2
is easy to set up and potentially reduces fraud-related chargeback volume.