Bank transaction fraud results in over $13B annual losses for banks, merchants, and card holders worldwide. Much of this fraud starts with a Point-of-Compromise (a data breach or a ”skimming” operation) where credit and debit card digital information is stolen, resold, and later used to perform fraud. We introduce this problem and present an automatic Pointsof-Compromise (POC) detection procedu...

Any business that operates on the Internet and accepts payments through debit or credit cards, also implicitly accepts that some transaction may be fraudulent. The design of effective strategies to face this problem is challenging, due to factors such as the heterogeneity and the non stationary distribution of the data, as well as the presence of an imbalanced class distribution, and the scarci...

The rapid growth of data communications networks in recent years has led to enormous development in electronic commerce. Internet banking and trading are two important applications that execute financial transaction from anywhere in the world. This enables banks and merchants to simplify their financial transaction process as well as to provide customer friendly service 24-hours a day. On one h...

This study aims to explore the role of ‘urf or practices that are widely accepted and recognized in Muslim society as legitimacy for contemporary Islamic economic transactions. research was conducted using a qualitative descriptive method by conducting literature analysis related documents. The results show urf such use credit debit cards transactions, wakalah investments, takaful protecting on...

This paper builds upon prior research regarding the quest for a sustainable measuring method. Here, we present method to integrate sustainability and financial accounting at level of transaction recording introduce concept environmental debit credit entry. is illustrated through investment reporting. Identification gap based on review initial population 141 papers supported with European legal ...

Payment mechanisms are migrated to mobile devices as e-commerce grows, creating e-wallets. The current e-wallet payment solutions based on online-connected smartphones. transaction is completed using a application, which requires GPRS and Wi-Fi connection. People around the world becoming more interested in Nevertheless, Iraq, it grows slower than other parts of after survey done ascertain prim...

The approach used in this paper is an implementation of a data mining process against real-life transactions of debit cards with the aim of detecting suspicious behavior. The framework designed for this purpose has been obtained through merging supervised and unsupervised models. First, due to unlabeled data, Twostep and Self-Organizing Map algorithms have been used in clustering the transactio...

Charles Sprenger and Joanna Stavins Abstract: Approximately half of credit card holders in the United States regularly carry unpaid credit card debt. These so‐called “revolvers” exhibit payment behavior that differs from that of those who repay their entire credit card balance every month. Previous literature has focused on the adoption of debit cards by people who carry credit card balances, ...

Credit and especially debit card transactions are on the rise worldwide. Interchange fees are an integral part of the pricing structure of credit and debit card transactions. Indirectly paid by merchants to card issuers, interchange fees in most countries are set by credit and debit card networks. But in one country, Australia, the central bank is regulating interchange fees, and in several oth...

By using a unique data set that contains detailed information on consumer perceived attributes of payment methods and consumer perceived acceptance of payment methods by merchants, we estimate the direct effects of rewards card programs on consumer payment choice for in-store transactions. Our estimation approach, which follows Harris and Keane [1999], allows us to alleviate the endogeneity pro...