Updated time: Jul 23, 2020 , 12:06 (UTC+03:00)
CVV/CVC stands for Card Verification Number. The CVV/CVC is a three-digit code printed on the back of the card below the magnetic strip on many, but not all, credit cards.
The CVV helps businesses to ensure that they are accepting credit card information from a customer who is physically holding the credit card.
Reference: 3-D Secure Transaction