Thanks for your reply. I am well versed in PCI compliance requirements. What I am asking is this:
Magento allows two methods:
Ask for cvv and make it a required field
Do not ask for cvv
What I need is this
Ask for cvv and do not make it a required field. So that step that Magento performs to check and verify that field’s data entry would be skipped.
Either way, it is not stored, as mentioned in the initial post, it is passed through to authorize.net for verification.