With the rise and swift growth of E-Commerce, credit card uses for online purchases has increased dramatically and it caused sudden outbreak in the credit card fraud. Fraud is one of the major ethical issues in the credit card industry. With both online as well as regular purchase, credit card becomes the most popular mode of payment with cases of fraud associated with it are also increasing. A...

This paper first briefly discusses the legal nature and framework of loan credit card agreement, its specific mandatory elements, relationship between such agreement insurance followed by particular aspects a card, economic importance, wide spread presence. The second part deals with classification this non-life service, scope risks covered insurance. accessory contract for is pointed out. auth...

In a contactless transaction, when more than one card is presented to the payment terminal’s field, the terminal does not know which card to choose to proceed with the transaction. This situation is called card collision. EMV (which is the primary standard for smart card payments) specifies that the reader should not proceed when it detects a card collision and that instead it should notify the...

This paper investigates the competition between payment card issuers in an artificial payment card market. In the market we model the interactions between consumers, merchants and competing card issuers and obtain the optimal pricing structure for card issuers. We allow card issuers to charge consumers and merchants with fixed fees, provide net benefits from card usage and engage in marketing a...

Smart cards are credit-card sized devices embedding a microprocessor. They are typically used to provide security to an information system. Open cards are smart cards able to download code after their issuance. The card security is usually ensured by a third party that sends a cryptographic certificate with the code to authenticate it. On-card code verification could be a solution for improving...