What is it called when an employee improperly uses a customer's credit card information after a legitimate transaction?

The scenario described refers to the improper use of a customer's credit card information following a legitimate transaction, which is best identified as credit fraud. This occurs when an employee takes advantage of their access to sensitive customer data to commit unauthorized transactions or withdrawals.

The term "credit fraud" encompasses various fraudulent activities involving the misuse of credit card information, including the use of cards without the owner's consent following legitimate business dealings. This behavior not only violates trust but also breaches legal and ethical standards in financial transactions, leading to significant repercussions for both the employee and the business involved.

Other types of fraud listed, such as refund fraud, typically involve manipulating returns or refunds to gain financial benefit rather than the improper use of customer credit card information post-transaction. Collusion refers to a secret agreement between parties to deceive others, which does not directly apply to a single employee misusing customer data. An under ring involves misringing a transaction at the register to offer a discount or keep cash, which is also different from the misuse of credit card information.