The fraudulent use of a payment instrument is an offense committed using a payment instrument such as a payment card , check , transfer , or other payment services . It is frequently accompanied by identity theft .
Types of Fraudulent Uses
Physical flight of instruments
Theft, like the loss, is the first stage of the fraudulent use of payment cards.
Intrusion into the databases
Counterfeiting of payment instruments requires the latter to have a physical body or medium (such as payment cards). A technique known as skimming consists of reproducing the payment card and in particular the magnetic strip.
- 3-D Secure
- Payment card
- Identity theft