PVV stands for PIN verification value, a discretionary value encoded in magnetic stripe of a payment card.

PVV stands for PIN verification value, a discretionary value encoded in magnetic stripe of a payment card.

• A. Port
• B. PVV
• C. POS
• D. PTS

Answer: (B)

PVV is the PIN Verification Value, a cryptographic value used to verify the cardholder’s PIN during a transaction without exposing the PIN itself. On magnetic-stripe cards, a PVV is encoded to support offline PIN verification, so the issuer or terminal can confirm the entered PIN is correct by checking against the PVV. This is distinct from a Port (a connection point), a POS (point of sale system), or PTS (payments terminal security standards). In short, PVV specifically identifies the data used to verify the PIN.

PVV is the PIN Verification Value, a cryptographic value used to verify the cardholder’s PIN during a transaction without exposing the PIN itself. On magnetic-stripe cards, a PVV is encoded to support offline PIN verification, so the issuer or terminal can confirm the entered PIN is correct by checking against the PVV. This is distinct from a Port (a connection point), a POS (point of sale system), or PTS (payments terminal security standards). In short, PVV specifically identifies the data used to verify the PIN.