|Card Not Present fraud (CNP)
||This is when stolen credit card details
are used to make a remote purchase.
A CSP fraudulent transaction can affect
merchants and mobile operators alike.
Confirmation of identity is difficult when
neither the card nor the holder are
present during a remote transaction.. The
genuine cardholder will remain unaware
|Credit Card counterfeit
||A valid credit card will be cloned and
used by a fraudster impersonating the
genuine account holder.
|Credit Card stolen
||See CNP. The fraudster impersonates
a credit card holder to pay for a CSP's
products or services. A stolen card can
be used until reported and blacklisted.
Online verification can detect it but there
will still be a delay before alarms are