What is another term for Mail Order / Telephone Order transactions?

The term "Mail Order / Telephone Order" transactions is commonly referred to as MOTO transactions. This categorization specifically denotes payment methods where the customer provides their payment information remotely—either through mail or by telephone—without the physical card being present at the point of sale.

In the context of payment processing, MOTO transactions are a crucial part, especially for businesses that rely on telemarketing, catalogs, or other forms of distance selling. It allows merchants to process payments for goods or services without requiring customers to be physically present, reflecting the unique challenges and considerations in handling such transactions, particularly regarding fraud prevention and customer verification.

While "CNP transactions" and "Card Not Present transactions" can also describe similar scenarios where physical cards are not used, the specific term "MOTO" exclusively emphasizes the nature of these sales methods. "Payment Order transactions," on the other hand, refers to a different concept that typically pertains to payment instructions sent electronically or through a financial institution, which does not describe the nature of MOTO transactions accurately. Thus, MOTO is the most precise term for Mail Order / Telephone Order transactions.