The phrase "card present" refers to the physical presence of a credit or debit card during a transaction. In IPA phonetic transcription, it would be spelled /kɑrd ˈprɛzənt/. This is pronounced as "kard" with a hard "a" sound in the first syllable, followed by "pree-zent" with the stress on the second syllable. Retailers and financial institutions use the term to differentiate between in-person transactions and those performed remotely, such as online or over the phone.
Card present refers to a term commonly used in the context of electronic payments and transactions. It describes a situation where the actual physical credit or debit card is presented by the cardholder to the merchant at the point of sale or during a payment transaction. In such instances, the cardholder is physically present and can hand over the card to the merchant or insert it into a card reader machine.
The term "card present" is often used to distinguish transactions where the cardholder is physically present from the situations involving remote or online payments. It serves as a security measure to mitigate the risk of fraudulent transactions since physically presenting the card reduces the likelihood of unauthorized use.
Card present transactions usually require the cardholder to provide additional verification such as a signature or PIN (Personal Identification Number) to confirm their identity and ensure the card belongs to them. This verification process further enhances security and helps protect against fraudulent use of stolen or counterfeit cards.
Merchants may use various methods to process card present transactions, including point of sale (POS) terminals, electronic card readers, or manual imprint machines. The use of chip-and-PIN technology, where the card is inserted into a reader and a PIN is entered, has become more common to enhance security during card present transactions.
The phrase "CARD PRESENT" does not have an etymology since it is not a standalone word but a combination of two separate words: "card" and "present". However, I can provide the etymology of each individual word:
1. Card: The noun "card" comes from the Middle English word "card(e)", which originated from Old French "carte". This French term can be traced back to the Latin word "charta", meaning "paper" or "papyrus". Ultimately, "charta" was derived from the Greek word "khártēs", meaning "sheet of papyrus".
2. Present: The noun "present" derives from the Old French word "present", which refers to a gift or offering. This French term has its roots in the Latin word "praesens", meaning "present" or "existing".