Card Not Present or “CNP” means that an Imprint of the Card is not obtained at the point-of-sale.
Card Not Present or “CNP” is a Card Transaction wherein neither the Cardholder nor the Card is physically present at the Point of Sale. Mail order and telephone order (MO/TO), electronic commerce, and Preauthorized Transactions are collectively referred to as “CNP Transactions”. “Card Program” is one or more programs of financial service Cards honored by Merchants and financial institutions for presentment and collection of Cardholder indebtedness.
Card Not Present means mail order, telephone order, e-commerce (Internet) order, or other transactions that are not Card-Present Transactions.
Examples of Card Not Present in a sentence
Merchant may accept Card Not Present (CNP) transactions and related Charges (“CNP Transactions”) based upon the description of Merchant’s business (“Business”) on the Application and as authorized by the Bank.
If you accept and process a transaction that was declined, or attempt multi-transactions and/or multi-authorizations, you are subject to a Chargeback, Association fines and/or cancellation of your Agreement.5.1. Card Not Present Transactions.
Target merchants are MOTO (Mail Order Telephone Order), and CNP (Card Not Present) and recurrent billing merchants.
Processor offers a number of different security products, tools and services including, but not limited to the Card Not Present eCommerce Data Security (collectively referred to as “Security Services”).
The technology, called Securter, slashes immense recurring losses arising from unauthorized or fraudulent Card Not Present “CNP” online commerce.
More Definitions of Card Not Present
Card Not Present means a payment Transaction where the Card or the Cardholder is not physically present at Your premises at the time of the Transaction, and includes E-Commerce Transactions and Mail/Telephone Transactions.
Card Not Present or “CNP” transactions shall mean any instance where a Card transaction is initiated by a Cardholder where a physical Card is not presented to the Merchant, as in the case of mail orders (“MO”), telephone orders (“TO”), orders via the Internet (“IO”), pre-authorized orders (“PO”).
Card Not Present transaction refers to a transaction that occurs when the Card is not present at the point-of- sale, including, without limitation, Internet, mail order, and telephone order sales.
Card Not Present means a situation where the Card is not physically present at the moment the transaction is done, so that the Card is not physically read by the Payment Device. Such situations typically consist of procedures where orders are accepted at a distance (online, by post, telephone or fax) and orders of a repetitive character nature (e.g., periodical payments in a subscription). Card Offerer: the person offering a Card to the Merchant for use with a certain transaction. As described in clauses 3-5, the Merchant is required to verify whether the Card Offerer is indeed the rightful owner (i.e., the Cardholder) of the Card. Card Schemes: means, unless otherwise agreed by the parties, Visa, JCB, Diners, Discover, ChinaUnionPay and MasterCard. Card Scheme Rules: means the rules and regulations which regulate participants in the Card Schemes.
Card Not Present. (CNP) means that card information was not read or obtained at the point of sale.
Card Not Present or “CNP” means transactions where the Cardholder and the Card are not present when processing a transaction.
Card Not Present. Means when neither the Cardholder nor the Cardholder’s Card is present at the point of sale, e.g. e- Commerce (Internet) orders or Recurring Order Transactions; Chargeback: Means any debit of Bank by the Card Associations or, by a Card issuer, in accordance with the Card Association´s dispute rules and regulations; Confidential Information: Means all business and financial information and other proprietary information or data disclosed to one party by the other or incorporated in materials or products provided to one party by the other and marked or indicated to be confidential. Confidential Information also means all Cards information and Cardholders information and transaction history collected by any party for the purpose of providing the Services; CVV2: The ‘’Card verification value2’’ is a unique 3 digit check value printed on the back of the VISA, MasterCard branded credit and debit cards. The CVV is a combination of features for the purpose of establishing the owner's identity and minimizing the risk of fraud; Disputed Transaction: A transaction disputed by the Cardholder, either to the Service Provider, the Card issuer or the acquiring Bank;