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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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Man in the middle fraud

A "man in the middle" attack is a type of fraud that attacks mobile payment devices. In man in the middle attacks, fraudsters are able to intercept information as it gets transmitted wirelessly through the airwaves. Additionally, cell phone worms or malware designed to snatch the data from mobile devices such as iPhones represent a challenge.

Related Terms:1099, 1099-c, adjusted balance, alternative methods of payment (amop), annual percentage rate (apr), apr, arbitration, average daily balance, bank card, bank holding company, bankruptcy, billing statement, breakage, breakage, card member agreement, carders, carding, carding forums, cash card, cashing, chapter 11 bankruptcy, chapter 13 bankruptcy, chip and pin cards, closed loop, cob fraud, community property, credit card accountability, responsibility and disclosure act of 2009, credit card act of 2009, credit history, credit union, dd (regulation dd), debit card, direct mail, distributor, double-cycle billing, drop, dump, equal credit opportunity act (ecoa), equitable division, fair credit billing act, fair credit reporting act, federal deposit insurance corporation, federal funds rate, federal reserve board, finance charge, fraud alert, fraudulent transaction, fraudulent user, fulls, gift card, interest rate cap, joint credit, mandatory binding arbitration, medical identity theft, mutual savings bank, national bank, nondischargeable debt, open loop, payments network, phishing, pin cashing, prepaid cards, prime rate (or prime interest rate), processor, program manager, receipt, regulation dd, regulation x, reloadable card, rfid, savings and loan association, savings bank, schumer box, signature strip, skimming, smart card, spoilage, thrift, time-barred debt, tranche, transaction identifier, truncation, truth in lending act, truth in lending act, truth in savings act, two-cycle billing, universal default, wage garnishment, x (regulation x), z (regulation)

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