Unauthorized Use

Unauthorized Use

The illegal use of a credit card without permission from the card holder. Unauthorized use can be fairly basic; for example, one may steal and use a credit card. Often, however, unauthorized use involves using computer programs to find a person's financial information and conduct large transactions with that person's credit. The card holder may be responsible for the loss of the first $50 if he/she informs the bank within 60 days, but many card issuers waive this responsibility. See also: Identity theft.
References in periodicals archive ?
However, in various instances, there has been no self-regulation and/or whatever self-policing there has been has fallen short, leaving music rights holders powerless to discover, let alone be compensated for unauthorized use of their work.
The Internet presents numerous opportunities for unauthorized use of a trademark: through ad words, domain name registrations or in online content.
A bill introduced by Representatives Schumer and Gonzalez, and another by Representative Barrett, would further limit a consumer's potential liability for the unauthorized use of debit cards and place restrictions on their issuance.
But under federal Regulation E, users who report the theft or unauthorized use of debit cards within two business days are liable for a maximum of $50.
It is estimated that software manufacturers have lost billions of dollars in the last decade because of unauthorized use and illegal copying of computer programs.