This paper introduces a new credit card payment scheme called No Number Credit Card that can significantly reduce the possibility of credit card fraud. The proposed payment system is loosely based on Kerberos, a cryptographic framework that has stood the test of time. In No Number Credit Card, instead of card numbers, only payment tokens are exchanged between the customers and merchants. The to...

Theft of stored credit card information is an increasing threat to e-commerce. We propose a dynamic virtual credit card number scheme that reduces the damage caused by stolen credit card numbers. A user can use an existing credit card account to generate multiple virtual credit card numbers that are either usable for a single transaction or are tied with a particular merchant. We call the schem...

As there is a vast advancement in the E-commerce technology, the use of credit cards has grown up. The credit card has become the crucial mode of payment so with the rise in the credit card transactions, the credit card frauds have also become frequent nowadays. [1] Thus, an improved fraud detection system has become essential to maintain the reliability of the payment system. The criterion is ...

I study the role of credit ratings in crises by introducing a financial market in a coordination game with borrowers that must rollover their debts. The asset price aggregates dispersed private information acting as a public noisy signal. Credit rating agencies use this price to set their ratings. Moreover, agencies know that credit ratings influence lending decisions, thus affecting the credit...

The threat of credit card fraud is arguably the most serious issue of concern to e-commerce participants, including consumers and merchants. SSL/TLS and SET are two widely discussed means of securing online credit card payments. Because of implementation issues, SET has not really been adopted by e-commerce participants, whereas, despite the fact that it does not address all security issues, SS...

Along with the great increase of internet and e-commerce, the use of credit card is an unavoidable one. Due to the increase of credit card usage, the frauds associated with this have also increased. There are a lot of approaches used to detect the frauds. In this paper, behavior based classification approach using Support Vector Machines are employed and efficient feature extraction method also...

This paper deals with nding outliers (exceptions) in large, multidimensional datasets. The iden-tiication of outliers can lead to the discovery of truly unexpected knowledge in areas such as electronic commerce , credit card fraud, and even the analysis of performance statistics of professional athletes. Existing methods that we have seen for nding outliers can only deal eeciently with two dime...

The growth of e-commerce increases the money transaction via electronic networks day by day which is designed for hassle free, fast & easy money transaction. But the facility involves greater risk of misuse of facility for fraud; one of them is credit card fraud. It can happen by many ways such as by stolen card, by Internet hackers who can hack your system & get important information about you...

Authenticated encryption schemes allow the signer to generate an authenticated ciphertext such that only the designated recipient has the ability to recover the message and verify its corresponding signature. It can be seen that authenticated encryption schemes are applicable to lots of E-Commerce applications like credit card transactions, since these schemes simultaneously fulfill the securit...

Rogel Patawaran is cofounder of iQSecure Solutions, Inc., a secure web mail company, which began in 2002 and is currently based in Santa Monica, California. Its unique service enables hospitals, clinics, and doctors’ offi ces the opportunity to have secure web-based video and telephone conferencing by simply switching online services off ered by this innovative company. In addition, he is cofou...