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Credit card fraud

Credit card fraud is an umbrella term that indicates a credit card has been used in an unauthorized fashion. Fraudulent actions as they pertain to credit cards may include theft of the credit card number or card itself, making false statements when applying for a credit card or assuming a the cardholder’s identity. CNP fraud is another type, usually carried out through e-commerce, mail. Address verification service (AVS) can help reduce the risk of credit card fraud.