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.
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Card Present Transaction means a face to face Transaction where the Cardholder and Nominated Card are present.
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Examples of Card Present Transaction in a sentence

  • All transactions conducted via BML MobilePay including transactions conducted via entering the mobile number will be treated as Card Present Transaction.

  • 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.

  • For Card Present Transaction Processing (excluding fast food and merchant aggregators), please refer to Tables 1A and 1B: The applicable monthly fee will be calculated based on the number of active processing merchant locations (per individual card acceptor ID) andyour Merchant Category Code (MCC), per taxpayer id, per month.

  • In the event that any Transaction is initiated as an MO/TO Transaction, but completed under circumstances where a Card Present Transaction is possible, the Customer shall complete the Transaction as a Card Present Transaction in accordance with this Guide.

  • An Authorisation Code confirms that the Card at the time of the Transaction has not been reported lost or stolen and that there are sufficient funds in the account to which the Card relates.Take Imprint of Card:The Terminal may prompt you to take an imprint of the Card if the Transaction is a Card Present Transaction but the Card number is keyed rather than swiped.


More Definitions of Card Present Transaction

Card Present Transaction means any instance where a Card transaction is initiated by a Cardholder by presenting a physical Card to the Merchant.
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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.
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Card Present Transaction means any Transaction where the Cardholder and their Nominated Card are present.
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Card Present Transaction means a transaction where the Credit Card, the Cardholder and the Merchant are present at the time the transaction is performed using Electronic Terminals and card Imprinter;
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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.
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Card Present Transaction means a transaction involving the purchase of goods or services made when an actual debit card is physically used to make a purchase.
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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.
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