What does CAV stand for?

CAV stands for Card Authentication Value, which is a vital component in the security of card payment transactions. It is primarily used to verify that the transaction is initiated by the rightful cardholder and contributes to fraud prevention by ensuring the integrity of the transaction data. The Card Authentication Value helps secure the connection between the cardholder and the payment transaction, enabling the merchant to confirm that the card used in the transaction has not been compromised.

In contrast, other options like Card Access Value, Cash Account Verification, and Customer Account Validation do not specifically pertain to this context. While they may relate to different aspects of payment systems or account management, they do not carry the same significance in the realm of preventing fraud in card transactions as the Card Authentication Value does. Therefore, understanding CAV in this way is crucial for anyone involved in card payment processing or fraud prevention.