A survey of payment challenges in fraud detection in digital transactions methodologies

H. K. Shilpa; Manish Varshney

doi:10.53730/ijhs.v6nS3.5927

Authors

Shilpa H. K.
shilpahk.28@gmail.com
Research Scholar, MUIT, Lucknow
Manish Varshney Professor, Maharishi School of Engineering & Technology, MUIT, Lucknow

Keywords:

credit card, master card, visa, database, cardholders

Abstract

Any theft of the real card (Credit) or the arrangement of the card data, or potentially cardholder data, is the start of a Visa fraud. A vendor store agent duplicating deal receipts is one example of a tradeoff that can occur in a variety of ways. Because of the wide geographic reach that security lapses on databases holding MasterCard data might have, security lapses on databases including MasterCard data can be particularly large and costly. In one example in 2005, 40 million Visa customer accounts were stolen as a result of a single trade off of a massive database including charge card information. This had global consequences since fresh cards had to be issued to a huge number of cardholders all over the world. There are mays of credit card fraud, in this paper I concentrate some of them. Now a days we are facing a risk in payment of card, everyday payment for the exchange has been increasing as a result of the rising technique of instalment type and the introduction of new channels for the exchange.

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