Data mining has become one of the key features of many security initiatives developed by the Nigerian government to monitor both mobile and internet activities in the country. Attempts are being made to track the data of the so called “yahoo boys” who are taking advantage of ecommerce system available on the internet to defraud unsuspected victims who are mostly foreigners. Some target the tele...

raud is the bane of the financial industry's existence. Financial institutions are constantly battling forgery , impersonation, and outright theft, and the advent of computers and the Internet, while increasing capability and efficiency, has exacerbated the problem. Visa has stepped in and started an information security program that seeks to revolutionize the industry. Today, average people ar...

This paper discusses the utilization of machine learning for predicting loan approval and credit card fraud detection. Specifically, proposes use Random Forest Algorithm Support Vector Machine Learning achieving better accuracy. The banking sector's main objective is to ensure their assets are in safe hands, achieve this, a verification process carried out. However, takes long time, there no gu...

Credit evaluation is one of the most important and difficult tasks for credit card companies, mortgage companies, banks and other financial institutes. Incorrect credit judgement causes huge financial losses. This work describes the use of an evolutionary-fuzzy system capable of classifying suspicious and non-suspicious credit card transactions. The paper starts with the details of the system u...

The emergence of e-commerce has created new financial needs that in many cases cannot be effectively fulfilled by the traditional payment systems. Recognizing this, virtually all interested parties are exploring various types of electronic payment systems, issues surrounding electronic payment system and digital currency. Broadly, electronic payment systems can be classified into four categorie...

In recent times the more secure data transfer takes place almost by means of internet. Apart from the corporate companies, publics also started using the network media. At the same time the risk also increases in secure data transfer. One of the major issue among them is credit card fraud detection systems which has a significant percentage of transactions labeled as fraudulent are in fact legi...

The payment card industry has grown rapidly the last few years. Companies and institutions move parts of their business, or the entire business, towards online services providing e-commerce, information and communication services for the purpose of allowing their customers better efficiency and accessibility. Regardless of location, consumers can make the same purchases as they previously did "...

1.Introduction The activities of many criminal groups cross national boundaries and escape the control of governments and law enforcement agencies. As a result, they are as much part of domestic as of international politics. The problem of transnational crime in Southeast Asia is severe and consists primarily of drug trafficking, illegal migration, terrorism, money laundering, transnational pro...

Credit card service is a relatively special type of service. In essence, the specialness this business expressed in fact that credit institutions have combined their two basic operations, including payment activities and granting into one The law about cards requires smooth combination above provisions constitutes complete legal framework to regulate issues institutions, usage customers, interm...

as “unmanaged risks.” The term “unmanaged” connotes the practical difficulties associated with managing fraud risk effectively and dynamically. In recent years, while the number of publicized frauds—unauthorized usage of credit and ATM cards, checking account fraud, Nigerian scams, etc.—increased, these cases merely constituted the tip of the iceberg. Estimates are that just 20% of frauds are e...