What is one element required to establish financial transaction card fraud?

To establish financial transaction card fraud, the key element required is the intent to defraud. This means that the person committing the fraud must have a deliberate intention to deceive or mislead in order to gain something of value, typically by using someone else's financial transaction card information without authorization. This intent distinguishes fraudulent activity from mere mistakes or misunderstandings regarding the use of a financial transaction card.

Other intents, such as assisting, investing, or transferring, do not directly align with the criminal nature of fraud, which specifically revolves around deception for personal gain. In the context of financial transaction card fraud, any action taken must demonstrate an effort to misappropriate funds or benefits through dishonest means. Thus, having the intent to defraud is essential for the prosecution to demonstrate that the act was indeed fraudulent.