Security

The Study of Fraud Analysis & Securing Card Present Transactions

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Executive Summary

Usage of payment cards such as credit cards, debit cards are growing rapidly in the modern age. Cashless payment system gained lot of popularity in the early 20s and more likely to grow in near future. Plastic money has made life much easier for all of them. But unless the authors have had a personal experience, they don't realize how much of a security nightmare it can be. Here are a few things that will make their card transactions safer. Unlike magnetic stripe cards, chip cards (also called EMV cards) use superior technology that helps guard against skimming and cloning.

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