Hello,
In regard to the processing of payment with only the card number and expiry, it's obviously not been necessary to obtain the CVC 3 digit security code thusfar. I have read and heard from lots of people why we do not require or are allowed to have this number, but not necessarily an explanation of how the transaction is processed without it.
I have been asked on some occasion by the public why this number is not needed when they desire to make a donation, and all I know to tell them at this stage, is that we don't need it.
I know why we are not allowed to have it, but I was curious if anyone had an explanation suitable for the layman. If someone called you and asked, “Why don't you need my security code? When I buy things online they always need it.”
What would you tell them?
If anyone has an explanation you could tell someone off the street, I would greatly appreciate it.
For reference to local regulations if applicable, I am in New Zealand processing donations here.