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Saturday, November 21st 2009

Credit Card Glossary

Credit Card Glossary: Terms and Definitions

Confused by credit card terms? CreditCards.com's glossary of credit card definitions will help. From account holder to Regulation Z, we have defined the most-common and most-confusing credit card terms.

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Data breach

In the credit card industry, data breaches occur when hackers snatch credit card information that could be used to commit fraud or identity theft. Increasingly, data breaches occur at computing choke points through which many thousands of pieces of financial data must pass.


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