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The massive payment card industry (PCI) involves various entities such as merchants, issuer banks, acquirer banks, and card brands. Ensuring security for all entities that process payment card information is a challenging task. The PCI…
Card payment fraud is a serious problem, and a roadblock for an optimally functioning digital economy, with cards (Debits and Credit) being the most popular digital payment method across the globe. Despite the occurrence of fraud could be…
Credit card is one of the most extensive methods of instalment for both online and offline mode of payment for electronic transactions in recent times. credit cards invention has provided significant ease in electronic transactions.…
Background. 3-D Secure 2.0 (3DS 2.0) is an identity federation protocol authenticating the payment initiator for credit card transactions on the Web. Aim. We aim to quantify the impact of factors used by 3DS 2.0 in its fraud-detection…
Credit card frauds are at an ever-increasing rate and have become a major problem in the financial sector. Because of these frauds, card users are hesitant in making purchases and both the merchants and financial institutions bear heavy…
Credit card plays a very important rule in today's economy. It becomes an unavoidable part of household, business and global activities. Although using credit cards provides enormous benefits when used carefully and responsibly,significant…
This article assesses the effectiveness of current cybersecurity regulations and policies in the United States amidst the escalating frequency and sophistication of cyber threats. The focus is on the comprehensive framework established by…
Fraud detection systems (FDS) mainly perform two tasks: (i) real-time detection while the payment is being processed and (ii) posterior detection to block the card retrospectively and avoid further frauds. Since human verification is often…
This study critically examines the methodological rigor in credit card fraud detection research, revealing how fundamental evaluation flaws can overshadow algorithmic sophistication. Through deliberate experimentation with improper…
With the increase of credit card usage, the volume of credit card misuse also has significantly increased. As a result, financial organizations are working hard on developing and deploying credit card fraud detection methods, in order to…
Credit card fraud is a major cause of national concern in the Nigerian financial sector, affecting hundreds of transactions per second and impacting international ecommerce negatively. Despite the rapid spread and adoption of online…
Today, financial institutions (FIs) store and share consumers' financial data for various reasons such as offering loans, processing payments, and protecting against fraud and financial crime. Such sharing of sensitive data have been…
The enactment of the General Data Protection Regulation (GDPR) in 2018 forced any organization that collects and/or processes EU-based personal data to comply with stringent privacy regulations. Software organizations have struggled to…
With the proliferation of various online and mobile payment systems, credit card fraud has emerged as a significant threat to financial security. This study focuses on innovative applications of the latest Transformer models for more robust…
The General Data Protection Regulation (GDPR) forces IT companies to comply with a number of principles when dealing with European citizens' personal data. Non-compliant companies are exposed to penalties which may represent up to 4% of…
The rapid digitalization of banking services has significantly transformed financial transactions, offering enhanced convenience and efficiency for consumers. However, the increasing reliance on digital banking has also exposed financial…
With challenges and limitations associated with security in the fintech industry, the rise to the need for data protection increases. However, the current existing passwordless and password-based peer to peer transactions in online banking…
With the increasing reliance on software and automation nowadays, tight deadlines, limited resources, and prioritization of functionality over security can lead to insecure coding practices. When not handled properly, these constraints…
Credit card fraud is an ongoing problem for almost all industries in the world, and it raises millions of dollars to the global economy each year. Therefore, there is a number of research either completed or proceeding in order to detect…
Privacy and data protection have become more and more important in recent years since an increasing number of enterprises and startups are harvesting personal data as a part of their business model. One central requirement of the GDPR is…