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.
- Card-present fraud
- Card-present fraud occurs when a credit or debit card is used to make an unauthorized transaction in a face-to-face setting, such as a grocery store checkout lane. This type of fraud may involve the use of the actual stolen card or a fraudulent duplicated card made using a card number and magnetic stripe information.