Card transactions by proxy
Ben Liddicott
ben at liddicott.com
Sat Oct 22 20:17:18 BST 2011
Retailers who have a chip & pin machine can generally get
cardholder-not-present privileges for a small extra fee, once they have
established themselves (which generally involves building up a credit
balance with the bank which is held in case of chargebacks).
This enables them to take orders via email or telephone.
Customers of WorldPay and presumably other e-payment services can get
cardholder-not-present privileges using what is referred to as a "virtual
terminal", i.e. a web page which performs the same function of the chip &
pin machine in CNP mode, again at an extra fee.
Cheers,
Ben
--------------------------------------------------
From: "Roland Perry" <lists at internetpolicyagency.com>
Sent: Saturday, October 22, 2011 8:41 AM
> The term used in the industry is "Cardholder not present".
> --
> Roland Perry
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