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