What does 'CPS' refer to in transaction terminology?

The term 'CPS' in transaction terminology refers to "CPS Transaction," which stands for Card Present Solutions. This concept encompasses various methods of processing payment transactions that occur in a physical retail environment where the customer is present. CPS transactions typically involve the use of a payment card (debit or credit) that is swiped or inserted into a terminal for processing, ensuring the authentication and confirmation of the transaction at that moment.

The relevance of CPS transactions is tied to their role in facilitating secure and immediate payments, promoting consumer confidence, and enabling merchants to efficiently handle card payments. Additionally, this concept underscores the importance of transaction security and the technological requirements that support the processing of payments in a card-present context.

In comparison, the other options do not accurately capture the meaning of 'CPS' as it is understood in the payments industry and therefore are less relevant to transaction terminology.