Internet transactions are card not present and are especially risky to the e-tailers, who bear the cost of a CNP fraud.
»a card-not-present transaction
Financial and business terms. 2012.
Card not present transaction — A card not present transaction (CNP) is a credit card purchase made over the telephone or over the Internet where the physical card has not been swiped into a reader. It is a major route for credit card fraud. If a fraudulent transaction is… … Wikipedia
card-not-present merchant account — /ˌkɑ:d nɒt prez(ə)nt ma:tʃənt əˌkaυnt/ noun an account that enables businesses operating on the web to receive payments by credit card without the buyer or card being physically present when the transaction is made … Marketing dictionary in english
Customer not present — A customer not present transaction, in the context of credit and debit cards, refers to a transaction conducted at a distance, for example over the telephone or internet. The customer s card number is keyed manually into the sales terminal, and… … Wikipedia
Card security code — The Card security code is located on the back of MasterCard, Visa and Discover credit or debit cards and is typically a separate group of 3 digits to the right of the signature strip … Wikipedia
Card Security Code — The Card Security Code (CSC), sometimes called Card Verification Value (CVV), Card Verification Value Code (CVVC), Card Verification Code (CVC), or Verification Code (V Code or V Code) is a security feature for credit or debit card transactions,… … Wikipedia
Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl … Wikipedia
Credit card fraud — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl … Wikipedia
Magnetic stripe card — An example of the reverse side of a typical credit card: Green circle #1 labels the Magnetic stripe A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron based magnetic particles on a band of… … Wikipedia
Bank card number — A bank card number is the primary account number found on credit cards and bank cards. It has a certain amount of internal structure and shares a common numbering scheme. Credit card numbers are a special case of ISO/IEC 7812 bank card numbers.… … Wikipedia
Maestro (debit card) — The Maestro logo. Maestro is a multi national debit card service owned by MasterCard, and was founded in 1990. Maestro cards are obtained from associate banks and can be linked to the card holder s current account, or they can be prepaid cards.… … Wikipedia
