Key takeaways Credit card payments made over the phone or internet are classified as “card- not-present” (CNP) payments.

Card present transactions are done in-person with a merchant, such as at a supermarket or retail store. A card-not-present (CNP) transaction is anything that isn’t done at a POS or card reader.

A merchant account for online or catalog shopping where only the credit card number is required; not the physical card. See merchant account. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other ...