International Journal Of Engineering And Computer Science
In this paper, the authors is to study the different types of frauds in credit card industry and the, effect of credit card frauds on card holders, merchants, issuers. As credit card becomes the most prevailing mode of payment for both online as well as regular purchase, fraud relate with it are also accelerating. Fraud detection is concerned with not only capturing the fraudulent events, but also capturing of such activities as quickly as possible. The use of credit cards is common in modern day society.