Final answer:
Skimming is the term used to describe the theft of personal data from a payment card, commonly leading to identity theft or 'True-name Fraud'.
Step-by-step explanation:
The term used to describe the theft of personal data from a payment card is skimming. Skimming involves illegally capturing the data from the magnetic stripe of a credit or debit card. This can occur during a legitimate transaction, for instance, if a dishonest employee at a retail outlet swipes the card on a skimming device in addition to the official payment terminal. Skimming devices can also be installed on ATMs or point-of-sale terminals by criminals to collect card information. Once this information is obtained, it can be used to create a duplicate card or make unauthorized transactions. This type of theft is a form of identity theft, also called 'True-name Fraud,' where a thief uses someone else's personal identification information, such as credit card details, without their permission.