Why do I get asked for the 3 digit code on the back of my debit card? Any details would be greatly appreciated...
2007-01-04 06:58:03 · 7 answers · asked by logonafire 1 in Business & Finance ➔ Credit
Someone may find your credit card number and try to use the numbers. But the three digit number is in a manner of speaking a pin number. It is only on the card and not printed out in any transaction. So a thief may have your credit card number and is hindered by the fact that he does not have the 3 digit code on back to use it. Just the way that credit card companies are getting more security conscious.
2007-01-04 07:05:07 · answer #1 · answered by Big C 6 · 0⤊ 0⤋
It's a new security code. If you aren't holding the card (someone stole the imprinted front numbers) then the 3# code tells the seller you aren't holding it.
Just a new security things. (debit cards work like credit cards, just they take money out of your account- they work the same way though)
2007-01-04 15:06:59 · answer #2 · answered by kellicam 2 · 0⤊ 0⤋
This is to insure you have the card with you and didn'tr swip the credit card number from someone elses card. It's a security thing
2007-01-04 15:06:13 · answer #3 · answered by rknghavic 3 · 0⤊ 0⤋
To ensure that it is your card and you have it in your possession. This number is asked for for security purposes since you aren't signing something in front of someone else. (There's not a paper to verify your signature if you dispute it and say the card was stolen.)
2007-01-04 22:44:35 · answer #4 · answered by Mariposa 7 · 0⤊ 0⤋
to make sure you actually have the card and didn't just lift the number from somewhere. It's a security thing
2007-01-04 15:00:39 · answer #5 · answered by Bobbie 4 · 0⤊ 0⤋
To make sure you have the card in your possession.
2007-01-04 15:01:15 · answer #6 · answered by jbowler 3 · 0⤊ 0⤋
if the merchant your purchasing from doesnt collect they get hit with a fee. called a non qual rate.
2007-01-04 15:06:11 · answer #7 · answered by theandy68 2 · 1⤊ 0⤋