For a given type of payment card and processing system,the processes and participants are essentially the same for offline (card present)and online (card not present)purchases.

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The processes and participants are essentially the same for offline and online purchases for a given type of payment card and processing system. The main difference is that in offline purchases, the card must physically be present and swiped or inserted, while in online purchases, the card information is usually entered manually or saved on file. However, the same processes and participants (such as the card issuer, merchant, and payment processor) are involved in both types of transactions.

For a Given Type of Payment Card and Processing System,the