CNP Transaction definition

CNP Transaction means a Card Transaction received by Merchant by mail order, payment service order, mobile payment service order, contactless technology (i.e., mobile wallet) or a MAS preauthorized order.
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CNP Transaction or “Card-Not-Present Transaction” means any payment to be made to the Merchant by a Consumer in respect of any goods and/or services sold, provided or offered by the Merchant or any fees or charges of the Merchant, effected by a Payment Instruction made by the Consumer.
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CNP Transaction means any payment to be made to the Merchant by a Cardholder in respect of any goods and/or services sold, provided or offered by the Merchant or any fees or charges of the Merchant, effected by a Payment Instruction made by the Cardholder.
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Examples of CNP Transaction in a sentence

  • Before initiating a Dynamic Currency Conversion Transaction in a CNP Transaction, Merchant must disclose the following information to the Cardholder: (1) the price of the goods or services in the Merchant’s local currency; (2) the exchange rate, including any commission; (3) the total price in the Transaction Currency; (4) that the Cardholder has a choice of currencies, including the Merchant’s local currency; and (5) that the choice of currency is final.

  • Merchant shall not engage in a Card Transaction (other than a CNP Transaction) to the extent permitted under this Agreement) if the person seeking to charge the purchase to his or her Card account does not present the Card to permit Merchant to compare the signature on the Card to the signature on the Sales Draft and obtain an Imprint or otherwise use the physical Card to complete the Transaction.

  • In these cases, Merchant must process a CNP Transaction and include the words ‘Signature on File’ on the Transaction Receipt.

  • Barrett moved to accept the model verdict form, version two, as presented by the subcommittee and amended through discussion; Sipple seconded.

  • The Accommodation Merchant may then process a Card transaction in the form of a CNP Transaction and complete a Transaction Receipt that must contain the following: The amount of one night’s lodging plus applicable tax; The Cardholder’s name, card number and expiry date; The words ‘No Show’ on the signature line.

  • Ecuador, a case brought under the US-Ecuador BIT.7 As a consequence of the number of international arbitrations seated in The Hague, the Dutch courts are experienced in determining issues arising out of arbitration.

  • Request the Bank to activate Card Not Present (“CNP”) (CNP Transaction is a payment card transaction made where the cardholder is not physically present at the merchant when the payment is made, such as online purchase) and overseas transaction which consist retail transaction (“POS”) and ATM withdrawal.

  • Multicurrency service is a service in which CNP Transaction is effected, including authorized by the issuing institution, in a currency other than Euro selected by the Merchant in the Merchant Application Form and then converted by epay and settled with the Merchant in Euro ("Multicurrency Transaction").

  • Unless approved by MAS, this Agreement does not contemplate regular acceptance of Cards for sales accepted by a CNP Transaction.

  • All data were analyzed by ANOVA and Tukey’s HSD test, α=0.05 • All 40 pheromone-baited trees in the plot centres were mass-attacked, and there were no differences in the attack densities (Table 6).