Hot Card

Hot Card

A debit or credit card that may not be used because it has been reported lost or stolen. If a thief (or anyone else) attempts to use a hot card, the transaction will be declined. See also: Identity theft.
References in periodicals archive ?
Reductions in floor limits and Chip and Pin have played a major part, as has an electronic hot card file which transmits details of lost or stolen cards to point-of-sale terminals.
It is quite a hot card at Gowran with a classy handicap and the Listed Hurry Harriet the big-ticket contests.
They are designed for use in applications such as PCI hot card insertion and voltage level translation, notebook docking stations, memory interleaving and general-purpose switching.
These include the use of intelligent systems to spot fraud at an early stage, the introduction of hot card files carrying details of lost and stolen cards, more secure methods for delivering cards, training retail staff and introducing reward schemes for shop staff who spot fraud.
Transmitting hot card lists by radio and TV to every retail counter will also become increasingly important.
Also being developed by the card issuers is an electronic hot card file capable of distributing details overnight of lost or stolen cards on a nation-wide basis.
Within seconds of Cardcast receiving notification of a hot card, it is stored in every receiver in the country.