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FAQ's - 2 (Card Present and Card Not Present Transactions)
Автор: #Srashi
Загружено: 2023-06-12
Просмотров: 133
Описание:
What are Card Present (CP) and Card Not Present (CNP) transactions?
Ans: A CP transaction is a transaction that is carried out through physical presence of card at the point of transaction. It is also known as face-to-face or a proximity payment transaction. An example is a transaction carried out at an ATM or a PoS terminal. A CNP transaction does not require the card to be physically presented at the point of transaction. It is also called as a remote transaction. An example is an online transaction or a mobile banking transaction using the card.
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