Card Present Transaction definition

Card Present Transaction means a transaction between a Merchant and a Cardholder using a Card that is initiated at a payment terminal at a point-of-sale.

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Card Present Transaction means a Payment Card Processing Transaction in which the Card is swiped through a terminal, register or other device, capturing the Card information encoded on the magnetic strip or Chip.

Card Present Transaction means any instance where a Card transaction is initiated by a Cardholder by presenting a physical Card to the Merchant.

Examples of Card Present Transaction in a sentence

In the Card Present Transaction, Merchant will use its best efforts to reasonably and peaceably recover and retain any Card for which Merchant receives notification of cancellation, restrictions, theft or counterfeiting.
Merchant shall submit each Card Present Transaction for authorization to Bank's Authorization Center using the Software.
Bank's/Certegy's Authorization Center shall authorize or decline a Card Present Transaction transmitted for authorization and shall capture and process for Merchant the information relating to the Card Present Transaction.
Bank's Authorization Center shall authorize or decline a Card Present Transaction transmitted for authorization and shall capture and process for Merchant the information relating to the Card Present Transaction.
Merchant shall submit each Card Present Transaction for authorization to Bank's/Certegy's Authorization Center using the Software.

More Definitions of Card Present Transaction

Card Present Transaction means a face to face Transaction where the Cardholder and Nominated Card are present.

Card Present Transaction means a Transaction in which the Cardholder, the Card used by the Cardholder for payment and the merchant are all present at the same physical premises, including a Contactless Transaction;

Card Present Transaction means card transaction made where the Cardholder physically presents the Debit Card when payment for the particular transaction is affected including but not limited to Retail Purchases.

Card Present Transaction means transactions that occur with the cardholder present. These transactions may require a clerk to swipe the mag stripe on the card through a POS terminal or the cardholder swipe or insert the card through the POS terminal.

Card Present Transaction means any Transaction where the Cardholder and their Nominated Card are present.

Card Present Transaction. Card payment transaction performed through the use of Terminals in the physical presence of the cardholder and his/her valid Card and includes contact or contactless card transactions.

Card Present Transaction means a transaction whereby the cardholder physically interacts with a payment channel using his or her card. This can include swiping a card with a magnetic stripe, inserting a card with an EMV chip, or tapping a card at a POS device. For a transaction to qualify as a card present transaction, the merchant’s device must capture electronic data stored on the card.