Fraud is a contemporary ethical issue whose complexity is growing by day. The aims of this study are to identify the types of credit card fraud and to stipulate the future issues with the sector. The minor aim is to compare and analyze recent publication findings in future issues with credit card fraud detection. The significance of this paper is to allow the appreciation of the future issues with respect to credit card fraud detection techniques.
Inhaltsverzeichnis (Table of Contents)
- Abstract
- Introduction
- Research Questions
- Purpose
- Literature Review
- Technological Development
- Business Operations
- Terms
- Research Design and Methodology
- Research design
- Strengths and Weaknesses
- Sampling and Sampling Procedures
- Data Collection Instruments
- Reliability and Validity of Research Instruments
- Validity
- Reliability
- Planning, Analysis and Organisation
- Filling the Gap of Knowledge
- Data Analysis tools
- Ethical Considerations
- Conclusion
- References
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This study aims to understand the various forms of credit card fraud and analyze potential future challenges in fraud detection techniques. The research also compares and analyzes recent publications focusing on future issues within credit card fraud detection. The paper's significance lies in providing insight into future challenges concerning credit card fraud detection techniques.
- Identifying the types of credit card fraud.
- Analyzing future issues with credit card fraud detection.
- Examining the impact of technological advancements on fraud techniques.
- Investigating how business operations can contribute to credit card fraud.
- Understanding the role of credit card terms in facilitating fraud.
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction sets the stage by highlighting the growing issue of credit card fraud and the evolving tactics employed by fraudsters. It emphasizes the need to address future challenges posed by these evolving techniques. The literature review explores existing studies on credit card fraud detection, examining methodologies, findings, and limitations. The chapter on technological development highlights the rapid advancements in technology that both enhance fraud detection techniques and provide opportunities for fraudsters. The chapter on business operations examines how certain business practices can inadvertently contribute to fraud, particularly in the context of competition and data storage. The final chapter discussed in this preview explores the role of credit card terms in facilitating fraud, focusing on partnerships, merchant-related fraud, and the potential for collusion.
Schlüsselwörter (Keywords)
Credit card fraud, fraud detection, future issues, technological advancements, business operations, credit card terms, skimming, magnetic stripe erasing, merchant collusion, balance transfer arbitrage, soft and hard inquiries, data storage.
Frequently Asked Questions
What are the main objectives of this study on credit card fraud?
The study aims to identify types of credit card fraud, stipulate future issues in the sector, and compare recent findings in fraud detection techniques.
How does technology affect credit card fraud?
Technological advancements act as a double-edged sword: they enhance detection techniques but also provide new opportunities and tools for fraudsters to evolve.
What specific types of fraud are discussed in the paper?
The paper covers techniques such as skimming, magnetic stripe erasing, merchant collusion, and balance transfer arbitrage.
How can business operations contribute to fraud risks?
Certain practices, such as competitive pressures and improper data storage, can inadvertently create vulnerabilities that fraudsters exploit.
What is the significance of studying credit card terms in relation to fraud?
Understanding credit card terms helps identify how partnerships and merchant-related rules might facilitate collusion or other fraudulent activities.
What are "soft" and "hard" inquiries in the context of fraud?
These terms refer to credit checks that can be part of the fraudulent process or the detection phase, depending on how they are utilized by actors in the system.
- Quote paper
- Marvin Namanda (Author), 2016, Future Issues with Credit Card Fraud Detection Techniques, Munich, GRIN Verlag, https://www.grin.com/document/321436
