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card not present transaction
created by
polygnwnd
(
thing
) by
polygnwnd
(10.5 mon)
(
print
)
?
(
I like it!
)
Wed Jan 31 2001 at 2:21:13
A purchase where the
merchant
does not have the ability to physically verify a
credit card
's existence and validity. For this reason the merchant assumes the
risk
otherwise assumed by the
credit card company
when the card is present. Thus the merchant has to make a
financially significant
guarantee of its transactions.
printable version
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