5. Remote payment over the Internet

5.1 Issues

Although fraud is now very well contained in Europe as far as local payments are concerned, the Internet already accounts for 50% of bank payment fraud.

Credit card fraud can be defined as a criminal act carried out using unfair means to order goods from a merchant site without ensuring payment. The result is that the merchant loses the merchandise without actually paying for it.

Two types of fraud can be distinguished:

1. The use of stolen payment card numbers to pay online. The usurpation may originate in the physical theft...