FRAUD ING

Payment card fraud is on the rise around the world and nearly all of the increase is in card not present channels. Just as issuers are migrating to the chip & pin technology and increased online spending, fraud is on the move going from offline to online. Card not present …

Fraud any act of deception carried out for the purpose of unfair, undeserved and/or unlawful gain. Fraud is an adaptive crime, so it needs special methods of intelligent data analysis to detect and prevent it. Also Fraud can be defined as wrongful or criminal deception intented to result in financial or …

Payment card fraud is on the rise and nearly all of the increase is in card-not-present channels. The growth in card not present fraud is being driven by increased online spending and the continued adoption of chip-and-pin technology, which is driving fraudulent transactions from physical locations to e-commerce environments.