AirSC glossary-- 1，BNPL 2，BOPUS 3,CA， 4,CID
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AirSC glossary-- 1，BNPL 2，BOPUS 3,CA， 4,CID

Date: 2024-08-23 10:38:52    View: 602

1. **BNPL (Buy Now, Pay Later)**:
   - **Full Form**: Buy Now, Pay Later
   - **Explanation**: BNPL is a financial service that allows consumers to make purchases and receive goods or services immediately, but defer payment either in installments or at a specified future date. This model is increasingly popular in both e-commerce and physical retail due to its convenience and flexibility.
   - **Example**: Companies like Klarna, Afterpay, and Affirm offer BNPL services.

2. **BOPUS (Buy Online, Pick Up In Store)**:
   - **Full Form**: Buy Online, Pick Up In Store
   - **Explanation**: BOPUS is a shopping method where consumers place an order and pay for items online, but pick them up at a physical store. This approach combines the convenience of online shopping with the immediacy of in-store pickup, reducing the wait time for shipping.
   - **Example**: Large retailers like Walmart and Best Buy offer BOPUS services.

3. **CA (Card Association)**:
   - **Full Form**: Card Association
   - **Explanation**: CA refers to organizations that manage and operate credit and debit card payment networks. Major card associations include Visa, MasterCard, American Express, and Discover. These associations set standards, manage transaction networks, and provide various services and solutions to support card payments worldwide.
   - **Example**: Visa and MasterCard are well-known global card associations.

4. **CID (Card Identifier)**:
   - **Full Form**: Card Identifier
   - **Explanation**: CID is a security code found on payment cards, used to verify the cardholder's identity, particularly during online transactions. The position and length of the CID vary by card type. For example, the CVV code on Visa cards, the CVC code on MasterCard cards, and the CID code on American Express cards.
   - **Example**: The CID on a Visa card is a three-digit code located next to the signature strip, while the CID on an American Express card is a four-digit code located on the front of the card.

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