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What's a Card Not Present Transaction?

Imagine this: You're sitting at your favorite restaurant, enjoying a delicious meal. You're so engrossed in conversation that you almost forget to pay. But then, the waiter comes over with the bill, and you realize you left your wallet at home.

Oops!

Don't worry, there's a solution: a card not present (CNP) transaction. It's like a magic wand that allows you to pay for your meal without actually having your card on hand.

How It Works

CNP transactions are processed over the phone, online, or through a mobile app. When you make a CNP transaction, you provide the merchant with your card number, expiration date, and security code. The merchant then processes the transaction through a payment gateway, which verifies your information and authorizes the payment.

The Benefits of CNP Transactions

CNP transactions are a great way to pay for goods and services when you don't have your card on hand. They're also convenient for businesses, as they allow them to accept payments from customers who are not physically present.

The Risks of CNP Transactions

However, CNP transactions also come with some risks. Because the merchant doesn't have your physical card, they can't verify your identity in person. This makes CNP transactions more susceptible to fraud.

How to Protect Yourself from CNP Fraud

There are a few things you can do to protect yourself from CNP fraud:

So, there you have it. CNP transactions are a convenient way to pay for goods and services, but it's important to be aware of the risks involved. By taking a few simple precautions, you can protect yourself from CNP fraud.