A type of card transaction in which the card is not present at the point of sale for the magnetic stripe to be read. These are considered higher risk transactions.
This term refers to all credit card transactions made with credit card information that is transmitted to the merchant from a remote location, either via the Internet, the telephone or by mail. CNP transactions are considered by issuing banks and credit card companies to be riskier than transactions concluded with the customer physically handing the credit card to the merchant at a Point-of-Sale (POS) terminal.
A transaction where the merchant does not have physical access to the card (e.g. through telephone, mail order or Internet transactions).
An environment where a transaction is completed under both of the following conditions: • cardholder is not present and card is not present. Transactions in this environment include mail/phone order transactions as well as Internet transactions.
A merchant environment where the cardholder (and the card) is not physically present at the time of purchase. Typical card-not-present transactions take place in businesses focused on mail order/telephone order, business to business, and Internet-based transactions.
A transaction where the merchant, retailer or other service provider does not have physical access to the payment card. Examples include transactions over the Internet, telephone, fax or by mail order.
the situation in which the seller does not have the possibility to see the buyer as well as the credit card; this will result for instance in the situation that information can not be retrieved from the magnetic strip of the credit card, to verify signature or to look at the hologram. In order to increase, in this case, the reliability of the payment system, Address Verification Service is used.
A transaction where the merchant, retailer or other service provider does not have physical access to the payment card. Examples are transactions by telephone, mail order or Internet.
A merchant, market, or sales environment in which transactions are completed without a valid Visa card or cardholder being present. Card-not-present is used to refer to mail order, telephone order, and Internet merchants and sales environments.