Card Present Transactions definition

Card Present Transactions means transactions that are carried out when all three parties are there i.e. card, cardholder and merchant.
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Card Present Transactions means transactions that are carried out when allthree parties are there i.e. card, cardholder and merchant.“Card Not Present Transactions” means transactions that are carried out when either one or two of the parties in a card transaction are absent.
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Examples of Card Present Transactions in a sentence

  • The following provisions apply to both Card Present Transactions and Card Not Present Transactions, unless otherwise specified.

  • The following additional requirement applies to Card- Present Transactions: If a terminal or software application is inoperable at the time of an Authorization request, the Payment Card Processing Transaction may be manually authorized.

  • In the event that the Point of Sale device or software fails, ▇▇▇▇▇▇▇▇ must obtain authorization through a voice back-up and, for Card Present Transactions, manually imprint the Bankcard.

  • In the event that the Point of Sale device or software fails, Merchant must obtain authorization through a voice back-up and, for Card Present Transactions, manually imprint the Bankcard.

  • For Card Present Transactions, you will deliver a complete and legible copy of the Transaction Receipt or Credit Transaction Receipt to the Cardholder at the time of the Transaction.

  • In Card Present Transactions, you will identify the Cardholder and check the expiration date and signature on each Credit Card.

  • For Card Present Transactions, if you authorize and present Transactions electronically and your terminal is unable to read the magnetic stripe on the Credit Card, you must obtain the following in addition to key-entering the Transaction into the POS Device for processing: (i) a physical imprint of the Credit Card using a manual imprinter and (ii) the Cardholder’s signature on the imprinted Transaction Receipt.

  • In Card Present Transactions, Transaction Receipts must be signed by the Cardholder.

  • For Card Present Transactions, if the following information embossed on the Credit Card is not legibly imprinted on the Transaction Receipt, you will legibly reproduce on the Transaction Receipt the: (i) Cardholder’s name; (ii) account number; (iii) expiration date; and (iv) Merchant’s name and place of business.

  • Card- Present Transactions include signature, PIN and wallet/mobile transactions as described in Section 2 below.

Related to Card Present Transactions

  • 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.

  • Payment Transaction means an act, initiated by the payer or on his behalf or by the payee, of placing, transferring or withdrawing funds, irrespective of any underlying obligations between the payer and the payee;

  • Co-Investment Transaction means any transaction in which one or more Regulated Funds (or its Wholly-Owned Investment Sub (defined below)) participated together with one or more Affiliated Funds and/or one or more other Regulated Funds in reliance on the Order.

  • Subsequent Transaction has the meaning set forth in Section 1.08.

  • Potential Co-Investment Transaction means any investment opportunity in which a Regulated Fund (or its Wholly-Owned Investment Sub) could not participate together with one or more Affiliated Funds and/or one or more other Regulated Funds without obtaining and relying on the Order.