|Definition||:||Chip Authentication Program|
|Category||:||Business » Banking|
What does CAP mean?
Chip Authentication Program (CAP) is a MasterCard initiative. CAP is a form of Two-factor authentication as both a smartcard and a valid PIN must be present for a transaction to succeed.
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Frequently Asked Questions (FAQ)
What is the full form of CAP in Payment Systems?
The full form of CAP is Chip Authentication Program