GLOSSARY
Card Not Present
Transactions where the card is not physically presented (e.g., online or in-app).
Card-not-present (CNP) transactions occur when the card isn’t physically read—online, in-app, mail/phone orders. Fraud risk is higher than card-present because the card never touches a terminal.
Mitigations include network tokenization, device-bound wallets (Apple Pay, Google Pay), 3DS/strong customer authentication, and layered fraud detection.
Related
Related terms.
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Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
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Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
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Card Fraud
Unauthorized card use or theft of credentials to initiate transactions.
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Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.