accountholder authentication value (AAV)

Definition

A security code issued as part of Mastercard's secure payment application (SPA) to third party credit card verification vendors. The code connects personal identity information about the cardholder to the specific electronic payment.

Related Videos




http://www.businessdictionary.com/definition/accountholder-authentication-value-AAV.html

Today's Top Bulls

73% Bullish
(95 Votes)
71% Bullish
(51 Votes)
70% Bullish
(70 Votes)
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z