Cardholder Activated Terminal definition
Cardholder Activated Terminal or “CAT” means a Cardholder-activated terminal (usually unattended) used to process Transactions that meets our specifications and security standards as well as the Data Security Standards and which reads, captures and transmits Card information and dispenses the product or provides a service in an environment where: (a) a Card is present; (b) a Cardholder is present; (c) the Cardholder completes the Transaction directly; and (d) an Authorization Code is obtained electronically.
Examples of Cardholder Activated Terminal in a sentence
If the Merchant wishes to use a Cardholder- Activated Terminal not equipped with a PIN keypad, this requires a written approval from Nets.