Cardholder Fraud
Types of fraud include fraudulent applications that use fake or misleading information to obtain a credit card illegally; lost and stolen cards that are used to obtain goods or services illegally; counterfeit cards;magnetic-stripe fraud, which involves the re-encoding of card information on the magnetic stripe, thus allowing the transaction to not match the embossed information; fraud perpetration by a cardholder who claims that his/her card is lost when actually it is being used by the cardholder to make purchases.
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