Card-Present Fraud: What It Is & How It Works

Card-Present Fraud: What It Is & How It Works
By authenticpayments November 27, 2024

In today’s digital age, where online transactions have become the norm, it’s easy to overlook the risks associated with card-present fraud. Card-present fraud refers to fraudulent activities that occur when a criminal gains unauthorized access to a physical payment card and uses it to make unauthorized purchases or withdrawals. This type of fraud can have severe consequences for both individuals and businesses, leading to financial losses and damaged reputations.

In today’s digital age, where online transactions have become the norm, it’s easy to overlook the risks associated with card-present fraud. Card-present fraud refers to fraudulent activities that occur when a criminal gains unauthorized access to a physical payment card and uses it to make unauthorized purchases or withdrawals. This type of fraud can have severe consequences for both individuals and businesses, leading to financial losses and damaged reputations.

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