Credit and Debit card fraud detection ,debit card frauds in india ppt
Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card.
The purpose may be to obtain goods or services, or to make payment to another account which is controlled by a criminal.
The Payment Card Industry Data Security Standard (PCI DSS) is the data security standard created to help businesses process
card payments securely and reduce card fraud.
Credit card fraud can be authorised, where the genuine customer themselves processes a payment to another account which is
controlled by a criminal, or unauthorised, where the account holder does not provide authorisation for the payment to proceed
and the transaction is carried out by a third party. In 2018, unauthorised financial fraud losses across payment cards and remote
banking totalled £844.8 million in the United Kingdom. Whereas banks and card companies prevented
£1.66 billion in unauthorised fraud in 2018. That is the equivalent to £2 in every £3 of attempted fraud being stopped.
Credit cards are more secure than ever, with regulators, card providers and
unauthorized transaction on debit card india banks taking considerable time and effort to
collaborate with investigators worldwide to ensure fraudsters aren't successful. Cardholders' money is usually protected from
scammers with regulations that make the card provider and bank accountable.
examples of debit card frauds .The technology and security measures behind credit
cards are becoming increasingly sophisticated making it harder for fraudsters to steal money.
debit card frauds complaints, types of debit card frauds ,examples of credit card frauds,types of credit card frauds in india
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