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Card Present vs Card Not Present Transactions
Card present (CP) transactions occur when the card is physically presented at a POS terminal or ATM, allowing authentication via chip, PIN, or contactless methods. Card not present (CNP) transactions occur online or over the phone, where the cardholder provides details without physical interaction. CNP transactions carry higher fraud risk because the card cannot be verified in person.
CP transactions generally incur lower fees due to reduced risk, while CNP transactions require additional security measures like 3D Secure, tokenization, or CVV verification. Businesses must manage both types carefully to balance convenience, security, and operational efficiency.
Monavate supports both CP and CNP transactions. Businesses can issue physical cards for in-person spending and virtual cards for online or remote payments. Monavate’s real-time monitoring, spend controls, and integration with security protocols help reduce fraud risk, ensuring safe, compliant, and efficient transactions across all environments.