In reply to Andrei Charniauski.

The correct term is Cardholder Not Present, it relates to the card holder not being present in front of a sales person in a store. Nothing to do with CVV (or CV2) which is just an authentication value stored by the issuing bank.

It was abbreviated to card not presnt over the years, both terms are widely used across the industry, but the correct term is Cardholder Not Present and if you think about it, it actually makes more sense than card not present because clearly the card is required for every card transaction, however the customer is not always needed, for example a monthly recurring payment.