Payments Dictionary
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Terms to Put on Your Radar<br />
Card-Not-Present (CNP)<br />
Transaction in which a merchant honors the account<br />
number associated with a card account and does not<br />
see or swipe a physical card or obtain the account<br />
holder’s signature.<br />
Customer Lifetime Value<br />
Prediction of the net profit attributed to the entire<br />
future relationship with a customer.<br />
Omnicommerce<br />
Retailing strategy concentrated on a seamless<br />
consumer experience through all available shopping<br />
channels.<br />
<strong>Payments</strong> Intelligence<br />
The ability to better know and understand customers<br />
through data and information uncovered from the way<br />
they choose to pay.<br />
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