Along with rapid growth in usage of credit card in ecommerce, rough and robust security measure and technologies should be developed. One old problem about the credit card transaction -that also exists in widely used payment system like 3D-SecureTMis the possibility of disclosure of sensitive data which is being stored by merchants during the transaction. A solution to this problem is using pro...

The growth of credit card application needs to be balanced with the anticipation of bad credit risk because it does not use security collateral as warranty. The usage of credit scoring can be used to help the credit risk analysis in determining the applicant's eligibility. Data mining has been proven as a valuable tool for credit scoring. The aim of this research is to design a data mining mode...

STICKING TO YOUR PLAN: HYPERBOLIC DISCOUNTING AND CREDIT CARD DEBT PAYDOWN theresa Kuchler, of new york University’s Stern School of Business, reported on an empirical study of individuals’ success in carrying out plans to reduce their credit card balances. Broadly, Kuchler had two objectives. Her first objective was to find evidence for present-biased behavior, in which consumers make plans to...

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...

In the data, most consumer defaults on unsecured credit are informal and the lending industry devotes significant resources to debt collection. We develop a new theory of credit card lending that takes these two features into account. The two key elements of our model are moral hazard and costly state verification that relies on the use of information technology. We show that the model gives ri...

Purpose Buying behavior has been significantly altered by technological developments as a result of the rise Internet. Online buying is also inextricably linked to electronic payment systems, such credit cards. This paper investigates how credit-card systems and online shopping increases compulsive female male consumers. Design/methodology/approach In current study, authors tested influence car...

This paper presents a theory of vertical most favored nation clauses (MFNs) and then applies the theory to the credit card industry. A vertical MFN is a restraint that an upstream supplier imposes on a retailer that prevents the retailer from charging more for the supplier’s product than for the products of rival suppliers. In the market for credit card services, this restraint takes the form o...

This article investigates the degree to which buyers choose diversify their use of payment methods for in-person purchases. Some only one instrument. Others combine mostly cash, credit, and debit cards, a few paper checks prepaid cards. To each survey respondent, I apply three concentration inequality measures over instruments. Results show that average median consumers’ slightly decline with v...

In several jurisdictions, rules on interest rate ceilings usually treated under the concept of “usury laws” are an important part of the regulation of consumer credit, not without a constant controversy about the real bene ts to debtors, especially those with fewer resources. At rst glance, the Chilean regime of interest rate ceilings seems to be particularly robust since it considers four di e...

Over 60% of US households with credit cards are currently borrowing – i.e., paying interest – on those cards. We attempt to reconcile the high rate of credit card borrowing with observed levels of lifecycle wealth accumulation. We simulate a lifecycle model with five properties that create demand for credit card borrowing. First, the calibrated labor income path slopes upward early in life. Sec...