Card Verification Value/Code for an Integrated circuit card. This is a 3-digit number placed on an EMV chip card in the Track 1 and Track 2 data elements on it, in place of the Magnetic Stripe CVC1/CVV1 value. It helps secure EMV chip transactions if the issuer is unable to verify the Application Cryptogram. It ensures that anyone seeing the EMV chip track data elements cannot know the CVC1/CVV1 which is present on the magnetic stripe; See Card Verification Value/Code 1.