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Defining Bank Transaction Codes. Transaction codes represent the various bank transactions you will use in the Accounts Payable and Accounts Receivable applications. You define transaction codes for types of payments, such as checks or bills of exchange, or for bank services, such as deposits or service charges.
It consists of requiring a card holder to enter the CVV number in at transaction time to verify that the card is on hand.The CVV code is a security feature for card not present transactions (e.g., Internet transactions), and now appears on most (but not all) major credit and debit cards.