Techniques and Security Measures for Fraud Prevention in Payment cards

International Journal of Computer Trends and Technology (IJCTT)          
© 2016 by IJCTT Journal
Volume-33 Number-2
Year of Publication : 2016
Authors : Pankaj Richhariya, Dr.Prashant Kumar Singh


Pankaj Richhariya, Dr.Prashant Kumar Singh "Techniques and Security Measures for Fraud Prevention in Payment cards". International Journal of Computer Trends and Technology (IJCTT) V33(2):53-59, March 2016. ISSN:2231-2803. Published by Seventh Sense Research Group.

Abstract -
Effective fraud prevention can transform business performance for financial services organizations. Implementing a comprehensive and structured program to prevent fraud has become a core driver in business growth, delivering real competitive advantage. In this paper we manage fraud related to multiple products from a single platform, and take a card, account and customer-level and transaction level view of fraud cases and discusses the various fraud prevention techniques and other security measures that are necessary.

[1] Vladimir Zaslavsky credit card fraud detection using selforganizing maps, vol. 18, 2006, 48-63.
[2] Bhatla, Prabhu, and Dua, ―Understanding Credit Card Frauds.
[3] K.Chikin and I. Shlyik, ―Countering Illegal Transactions in Internet Purchasing Systems, World of Cards 7 (2002): 15-21.
[4] Chanson, S.T., Cheung, T.W.: Design and implementation of a PKI-based end-to-end secure infrastructure for mobile e-commerce. World Wide Web 4(4), 235–253 (2001)
[5] Papazoglou, M.P.: Web services and business transactions. World Wide Web 6(1), 49–91 (2003)
[6] Ureche, O., Plamondon, R.: Digital payment systems for Internet commerce: the state of the art. World Wide Web 3(1), 1–11 (2000)
[7]Karlsen, K.N., Killingberg, T.: Profile based intrusion detection for Internet banking systems. Norwegian University of Science and Technology (2008)
[8] Kovach, S., Ruggiero, W.V.: Online banking fraud detection based on local and global behavior. In: Proc. of the Fifth International Conference on Digital Society, Guadeloupe, France, pp. 166–171 (2011)
[9] Mannan, M., van Oorschot, P.C.: Security and usability: the gap in real-world online banking. In: Proc. of the 2007 Workshop on New Security Paradigms (NSPW ’07), pp. 1–14. NY, USA (2008)

Fraud prevention, Transactions, Payment System, Security. Introduction.