| ATM Fraud |
Criminal activities involving the manipulation of automated teller machines. |
| Card Reader |
A device that captures data from cards for the purpose of processing transactions. |
| Card Skimming |
The illegal practice of capturing personal information from bank cards. |
| Chip Card |
A card embedded with a microprocessor that provides enhanced security for electronic transactions. |
| Contactless Payment |
A transaction method that allows payment by simply tapping a card or mobile device against a terminal. |
| Credit Card |
A card that enables the holder to borrow funds to pay for goods and services, with the obligation to pay back the borrowed amount plus interest. |
| Debit Card |
A card that allows the direct withdrawal of funds from a checking account. |
| EMV |
A global standard for card payments that enhance security through chip technology. |
| Fraud Prevention |
Measures taken to reduce the risk of unauthorized access or transactions involving financial accounts. |
| Magnetic Stripe |
A stripe on the back of a card that encodes data and is read by swiping the card through a reader. |
| Magstripe Card |
A card that contains a magnetic stripe on the back used to store account information for swiping transactions. |
| Mobile Wallet |
A digital application that allows users to make transactions using their smartphones. |
| PIN Capture |
The process of obtaining a user's personal identification number through fraudulent means. |
| Skimmer |
A device placed over card readers to collect card data. |
| Transaction Encryption |
The process of encoding transaction data to protect it from unauthorized access during processing. |
| Virtual Card |
A digital payment card generated for online purchases, providing enhanced security for transactions. |
