Card Not Present Transaction means a transaction between a Merchant and a Cardholder using a Card that is not physically presented to the Merchant at the time of the transaction, such as transactions initiated over the Internet, telephone, through mail-order or fax.

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.

Card Not Present Transaction means card payment(s) for purchase(s) without the need for

Examples of Card Not Present Transaction in a sentence

As to each Card Not Present Transaction, Merchant warrants to Bank that the person whose name is submitted to Bank as Cardholder either made or authorized another to make the purchase.
Any Card Not Present Transaction accepted by the Bank shall, notwithstanding the prior authorization by the Bank, be accepted with full recourse and risk to You.
Further, a sales receipt or credit receipt which does not contain the information required pursuant to this Agreement and the Operating Regulations, including, without limitation, a Card Not Present Transaction, shall be subject to full recourse if the Cardholder continues to dispute the validity of the charge after the Bank has presented Your evidence of validity of the charge to the Cardholder.
Before accepting any Card Not Present Transaction, please ensure your Agreement allows you to do so.
If You, at any time, accept a Card Not Present Transaction without the prior approval of the Bank, the Bank may immediately terminate this Agreement and chargeback to You the value of all Transactions processed by the Bank from the date of this Agreement to the date of such termination.

More Definitions of Card Not Present Transaction

Card Not Present Transaction means a Transaction effected in a merchant environment where the cardholder and the 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;

Card Not Present Transaction or “CNP” mean a Point of Sale Transaction in which the Buyer uses a Card but is not present at the point of sale;

Card Not Present Transaction means any Transaction for which required data is not electronically captured by reading information encoded in or on the Card and includes without limitation mail order, telephone order and Internet Transactions.

Card Not Present Transaction means a debit transaction made where the cardholder is not physically present with the Debit Card at the time that the payment is effected; for example, online purchases or transactions made by mail or telephone order.

Card Not Present Transaction means a Point of Sale Transaction in which the Buyer uses a Card but is not present at the point of sale;

Card Not Present Transaction has the meaning set forth in Section 4(a).

Card Not Present Transaction means a transaction between a Merchant and a Cardholder using a Card that is not physicallypresented to the Merchant at the time of the transaction, such as transactions initiated over the Internet, telephone, through mail-order or fax.