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2. Card-not-present transaction - Wikipedia

   en.wikipedia.org/wiki/Card_not_present_transaction

   A card-not-present transaction ( CNP, mail order / telephone order, MO/TO) is a payment card transaction made where the cardholder does not or cannot physically present the card for a merchant's visual examination at the time that an order is given and payment effected. It is most commonly used for payments made over the Internet, but can also ...

3. Is it safe to give out my card details over the phone? - AOL

   www.aol.com/finance/safe-card-details-over-phone...

   Paying over the phone with a credit card is generally safe, provided you take certain precautions. By 2027, worldwide e-commerce sales are expected to reach $7.96 billion — an increase of about ...

4. Can a business charge for using a credit card? - AOL

   www.aol.com/finance/business-charge-using-credit...

   Whenever a merchant accepts a credit card payment, the credit card network that processes the payment will charge a merchant fee. The merchant is expected to cover this fee. The merchant is ...

5. Payment processor - Wikipedia

   en.wikipedia.org/wiki/Payment_processor

   Payment processor. A payment processor is a system that enables financial transactions, commonly employed by a merchant, to handle transactions with customers from various channels such as credit cards and debit cards or bank accounts. They are usually broken down into two types: front-end and back-end. Front-end processors have connections to ...

6. Chase Paymentech - Wikipedia

   en.wikipedia.org/wiki/Chase_Paymentech

   Mobile payment processing. The firm offers products for merchants and small business owners to take payments in real time on mobile devices. Their Chase Mobile Checkout product, launched in May 2013, allows businesses to accept credit and debit cards via smartphone with their mobile app and card reader. Point of sale equipment

7. Interchange fee - Wikipedia

   en.wikipedia.org/wiki/Interchange_fee

   Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In a credit card or debit card transaction, the card ...