Card Not Present Transaction definition

Card Not Present Transaction means a transaction between a Merchant and a Cardholder using a Card that is not physically presented to the Merchant at the time of the transaction, such as transactions initiated over the Internet, telephone, through mail-order or fax.

Card Not Present Transaction means a transaction effected in a merchant environment where the Card Holder and the Visa Debit Card are not physically present at the time of usage. Typical Card-Not-Present Transactions include but are not limited to internet-based transactions, mail, telephone or facsimile orders or reservations or recurring payments.

Card Not Present Transaction means card payment(s) for purchase(s) without the need for

Examples of Card Not Present Transaction in a sentence

• In addition to the CVV, the Cardholder may be required to key in a Transaction Authentication Code, also known as the One-Time Password (“OTP”), to make Card Not Present Transaction at participating 3D secure merchants.

• The Transaction Record in respect of any Card Not Present Transaction shall be completed without the Cardholder’s signature but shall include the Cardholder’s name, billing address, Card number, expiration date of the Card, a description of the merchandise or service and the date and amount of all charges.

• Before accepting any Card Not Present Transaction, please ensure your Agreement allows you to do so.

• You will use a Transaction Receipt to document each Card Present and Card Not Present Transaction.

• If You, at any time, accept a Card Not Present Transaction without the prior approval of the Bank, the Bank may immediately terminate this Agreement and chargeback to You the value of all Transactions processed by the Bank from the date of this Agreement to the date of such termination.

More Definitions of Card Not Present Transaction

Card Not Present Transaction means a Transaction effected in a merchant environment where the cardholder and the Card are not physically present at the time of usage. Typical Card-Not- Present transactions include but are not limited to internet-based transactions, mail, telephone or facsimile orders or reservations or recurring payments;

Card Not Present Transaction or “CNP” mean a Point of Sale Transaction in which the Buyer uses a Card but is not present at the point of sale;

Card Not Present Transaction means a debit transaction made where the cardholder is not physically present with the Debit Card at the time that the payment is effected, for example, internet transactions or transactions made by mail or telephone order.

Card Not Present Transaction means a Point of Sale Transaction in which the Buyer uses a Card but is not present at the point of sale;

Card Not Present Transaction means a transaction between a Merchant and a Cardholder using a Card that is not physicallypresented to the Merchant at the time of the transaction, such as transactions initiated over the Internet, telephone, through mail-order or fax.

Card Not Present Transaction means any Transaction for which required data is not electronically captured by reading information encoded in or on the Card and includes without limitation mail order, telephone order and Internet Transactions.

Card Not Present Transaction has the meaning set forth in Section 4(a).