Blog

Card Not Present (CNP)

Card Not Present (CNP) transactions is a type of bank cards payment when a cardholder hasn’t to be present at the place of making transaction.

Card Not Present operations include:

  • Any kind of online transactions.
  • MO/TO transactions (mail order/telephone order)
  • Recurring payments.

When a customer performs a purchase, if a card is not present, a merchant has to rely on data that a cardholder provided indirectly. There may be via phone, email, or Internet.

The shipping carriers companies can guarantee the delivery of goods. But, they usually do not require verification of the identification of the buyer and do not participate in the processing of payments to the seller.
Transactions in small amounts, typically, are less subject to verification and are less likely to be precisely examined by the card issuer or a trading company.
Therefore, outlets through CNP operations must implement additional security standards against the impact of fraudsters and related losses. It is reflected in a higher payment to the acquiring bank for the right to accept payments without the card presence.
With the growth of Internet payments, cases of fraud with online transactions are also growing. Consequently, Visa created an authentication standard for online payments called 3 Domain Secure. 3D Secure provides three-level protection for additional consumer security.

How to secure CNP transactions:

The security of online transactions is one of the most significant moments every merchant should pay attention to. However, not only a merchant should be aware of the security but also the customer is:
  1. Set a limit for online transactions.
  2. Avoid unverified internet access points.
  3. Do not give card to third parties.
  4. You should always have a bank emergency number so that you can instantly block the card.
  5. Connect mobile banking to monitor your account
0 comments
Leave a reply