6 terms
Card testing is a fraud attack in which criminals run many small payments through a store to find out which stolen card numbers still work.
Card-not-present fraud is the use of stolen or fabricated card details to pay online, by phone or by mail, where the physical card is never shown.
A chargeback is a forced reversal of a card payment that the cardholder's bank initiates through the card network after a dispute with the merchant.
Fraud screening is the automated and manual review of e-commerce orders and payments to detect likely fraud before an order is accepted or shipped.
Payment fraud is the unauthorized or deceptive use of payment methods in online stores, from stolen card data to false chargeback claims by real buyers.
PCI DSS is the card industry security standard that every e-commerce merchant accepting card payments must meet to protect cardholder data.