Unauthorized, manipulated, or deceptively induced movement of money through card, bank-transfer, wallet, check, or other payment rails. The term covers both transactions initiated without consent and payments a victim was tricked into authorizing.
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.