With the rapid growth of consumer credit and huge amount financial data developing effective scoring models is very crucial. Researchers have developed complex using statistical artificial intelligence (AI) techniques to help banks institutions support their decisions. Neural networks are considered as a mostly wide used technique in finance business applications. Thus, main aim this search ban...

This paper presents a novel method of using Dynamic Soft Descriptor as a fraud prevention method for Merchant (as opposed to card Issuer) in a credit/debit card transaction under Card Not Present (CNP) environment, such as online transactions. A unique identifier is embedded into the transaction descriptor, which will instantly appear in the cardholder’s credit/debit card online statement. By c...

Data mining is popularly used to combat frauds because of its effectiveness. It is a well-defined procedure that takes data as input and produces models or patterns as output. Neural network, a data mining technique was used in this study. The design of the neural network (NN) architecture for the credit card detection system was based on unsupervised method, which was applied to the transactio...

Rogel Patawaran is cofounder of iQSecure Solutions, Inc., a secure web mail company, which began in 2002 and is currently based in Santa Monica, California. Its unique service enables hospitals, clinics, and doctors’ offi ces the opportunity to have secure web-based video and telephone conferencing by simply switching online services off ered by this innovative company. In addition, he is cofou...

Online financial transactions play a crucial role in today’s economy. It becomes an unavoidable part of the business and global activities. Transaction fraud executes thoughtful intimidations to e-commerce spending. Now-a-days, online contract or is fetching additional sound by knowing types transaction frauds associated with, these are raising which disturbs currency accompanying business. has...

Along with the great increase of internet and e-commerce, the use of credit card is an unavoidable one. Due to the increase of credit card usage, the frauds associated with this have also increased. There are a lot of approaches used to detect the frauds. In this paper, behavior based classification approach using Support Vector Machines are employed and efficient feature extraction method also...

The growth of e-commerce increases the money transaction via electronic networks day by day which is designed for hassle free, fast & easy money transaction. But the facility involves greater risk of misuse of facility for fraud; one of them is credit card fraud. It can happen by many ways such as by stolen card, by Internet hackers who can hack your system & get important information about you...

Between the end of the last recession in the first quarter of 1991 and the second quarter of 1997, consumer revolving credit outstanding, which includes consumer credit card debt, more than doubled—from $247 billion to $514 billion. The rapid rise of consumer debt, especially credit card debt, generated much discussion about its cause, sustainability, and implication despite the fact that credi...