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Mastercard has unveiled its plans to ditch the 16 digits on your cards and two of the biggest banks are on board.

For Visa and rival Mastercard, fighting the explosion of fraud attempts is both a big expense–and an opportunity for profit.

A card verification value (CVV) code is the three- or four-digit number on a credit card that adds an extra layer of security for making purchases when the buyer is not physically present.

While the card number and CVV are not on the card itself ... to keep Apple Card information more secure by changing the three-digit security code associated with the card on a regular basis.

In a bold move that could redefine the future of banking security, Mastercard has initiated a significant overhaul of its ...

These three- or four-digit numbers provide an additional layer of security ... While companies may save your credit card number, industry regulations prevent them from storing your CVV code, which ...