Unauthorized or deceptive use of payment-card credentials or card-processing rules for financial gain. It includes lost or stolen card use, counterfeit cards, card-not-present fraud, card testing, and some forms of first-party misuse.
Category: fraud prevention. Part of the Identity Technologist Glossary — more than 200 practitioner-grade definitions covering identity verification, KYC/AML, biometrics, fraud prevention, and compliance. See all terms at https://identitytechnologist.com/glossary.