In payments, a Card-On-File (COF) transaction refers to a payment arrangement where a customer authorizes a merchant or service provider to securely store their payment card information for future [...]
In payments, a Card-On-File (COF) transaction refers to a payment arrangement where a customer authorizes a merchant or service provider to securely store their payment card information for future [...]
In payments, Card Verification Value 2 (CVV2), also known as Card Security Code (CSC), Card Verification Code (CVC2), or Card Validation Code (CVC), is a three- or four-digit security [...]
In the payments industry, Card Present (CP) refers to transactions where the payment card and the cardholder are physically present at the point of sale (POS). It commonly occurs [...]
In payments, Card Not Present (CNP) refers to a transaction where the cardholder and the payment card are not physically present during the purchase. It typically occurs in online [...]
In payments, a card network refers to a financial network that enables the processing and authorization of electronic transactions made using payment cards such as credit cards and debit [...]
In the payments industry, a card imprint refers to the physical impression or imprint of a payment card onto a sales slip or a carbon-copy form. It was a [...]
In payments, a Card Association refers to an organization that sets rules, standards, and regulations for the payment card industry. These associations provide the infrastructure and governance necessary for [...]
In payments, “Capture Only” refers to a transaction processing mode where the merchant captures the necessary information to initiate a payment transaction without immediately requesting authorization or settlement. It [...]
In payment processing, a cancellation code refers to a unique identifier or code that is assigned to a canceled transaction. When a transaction needs to be voided or canceled, [...]
The term “brick and mortar” in payment processing refers to traditional physical retail businesses that have a physical presence, such as a physical store, office, or location where customers [...]