| Term | Definition |
|---|---|
| Card Not Present (CNP) |
A card-not-present (CNP) transaction is one in which credit or debit card information is being used to make a purchase without the presence of the physical card. Online purchases are the most common form of CNP transaction, but the term also covers phone and mail orders. The opposite of a CNP transaction is a card-present (CP) transaction. Read more >>> |