Consumer credit is any of the many forms of commerce under which an individual obtains goods or services on condition of a promise to pay for their value, along with a fee (the interest), at some specific future date or dates. Consumer credit can take a variety of forms: bank loans, credit cards, retailer’s card, car finance schemes, etc. In industrialized countries, this form of credit has bec...

On June 18, 2003, the Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Electronic Commerce Payments Council (eCPC) of the Electronic Funds Transfer Association co-hosted a workshop forum to explore areas of mutual interest related to the proliferation of e-commerce payments. This was the second event jointly sponsored by the groups. The first forum, “The Future of e-Comm...

We propose a two-stage model for dealing with the temporal degradation of credit scoring models. First, we develop a model from a classical framework, with a static supervised learning setting and binary output. Then, we introduce the time-changing economic factors, using a regression between the macroeconomic data and the internal default in the portfolio. In so doing, the specific risk is cap...

Democratization, rising literacy, the advent of the information age, and increasing connectedness are resulting in unprecedented opportunities for public participation in public affairs. In addition to promoting transparency and demonstrating inclusiveness, public consultation enhances ownership and resonates with the increasingly common decentralization of responsibility for social services to...

The decrease in the rate of legal proceedings for the bank loans in the last two years caused an increase in the importance of efficiency along with a decrease in financial resources. When it is paid attention to the distribution in the rate of non-performing loan, it is seen that the most important share belongs to credit cards. Efficient risk management in banking and efficient use of resourc...

The signature Recognition and verification system is used to recognize and verify individual’s handwritten signature. Now a day’s handwritten signature is one of the most widely accepted personal attributes for identity verification. Signature verification provides authorization in financial and business transaction. Signature verification finds its application in the field of net banking, pass...

In this paper a novel electronic payment protocol suitable for “peer-to-peer” (P2P) networks is presented. It implements electronic cash-based transactions, between buyers and merchants. It is based on a bank account, though it can be easily extended and can be readily applied to other account payment models like debit cards. The proposed protocol is designed using Millicent’s main concept (scr...

This paper presents a customized design of a UHF Radio Frequency Identification (RFID) system to be installed at the Bank of Cyprus Oncology Center (BOCOC) in Cyprus. This is a pilot project that aims at evaluating the effectiveness and overall benefits of UHF RFID technology in the healthcare sector. The purpose of the project is threefold: a) Error-free identification of inhospital patients t...

Character recognition is one of the most interesting and challenging research areas in the field of Image processing. English character recognition has been extensively studied in the last half century. Nowadays different methodologies are in widespread use for character recognition. Document verification, digital library, reading bank deposit slips, reading postal addresses, extracting informa...