Card-not-present fraud (CNP) occurs through online transactions, telephone, or mail. In simple terms, it’s a fraudulent payment where a merchant does not see a card for a visual check.
CNP fraud accounts for 75% of all card frauds on average in many countries.
The PCI Security Council (PCI SSC) introduced a standard (PCI DSS) to help combat this type of fraud. It stipulates that companies should have systems in place to safeguard customers’ credit and debit card details.
Read more about compliance.