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Glossary

Card Fraud

Unauthorized card use or theft of credentials to initiate transactions.

POSE-Commerce

Card fraud includes stolen PANs, cloned cards, or account takeover leading to unauthorized payments. Card-not-present channels are more exposed than card-present because no physical chip/PIN is read.

Mitigations: network tokenization, device-bound wallets (Apple Pay, Google Pay), strong authentication, velocity controls, and robust fraud detection models.

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Related terms

Keep learning with these nearby definitions.

Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.
Chargeback
A forced payment reversal initiated by the cardholder’s bank after disputing a transaction.
Card Fraud