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Payment Industry Term: Card Verification Code (CVC)

Payment Industry terms can be confusing. In addition to the hundreds of various interchange fees, payment compliance standards, and complex statements, the merchant is also tasked with understanding industry jargon. Card Verification Code (CVC), when used in context with payment processing, means:

Card Verification Code (CVC) – A unique value calculated from the data encoded on the magnetic stripe of a MasterCard card, validating card information during the authorization process.

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