What does the CVC stand for in relation to MasterCard?

The term CVC refers to the Card Verification Code, a crucial security feature used in the context of card transactions, particularly with MasterCard. This code is typically a three-digit number located on the back of the card, and it serves as an additional layer of protection against unauthorized usage of the card for online or card-not-present transactions.

The presence of the CVC ensures that the person making the transaction possesses the physical card, thereby reducing the risk of fraud. It is particularly significant in e-commerce, where card details are often required to complete purchases without physical verification.

This understanding of the CVC's role is essential for anyone involved in payment processing or security measures in electronic transactions, as it directly relates to protecting both customers and merchants from fraud.