The Learning Center
Terms that begin with F
A fraudulent transaction is a any transaction processed using someone elses credit which is not authorized by the person who has earned the credit or is the cardholder of the credit card used. Such transactions are categorized as lost, stolen, not received, issued on a fraudulent application, counterfeit, fraudulent processing of transactions, account takeover, or other fraudulent conditions as defined by the card company or the member company.
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