The CV2 (also known as CVC or ’three digits on the strip on the back of your card’) was introduced a few years ago to make phone and web payments more secure. The banks are trying to make the use of CV2 compulsory in all cases. It is also an iron rule that the CV2 cannot be stored on any computer system once the payment has been taken. Make sure that the payment solution that you adopt can obey these rules, as there are heavy fines for failing to comply.
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