As the advancement of information and communications technology (ICT) and the rapid growth of Fintech (Finance Technology) industry, the proportion of online e-commerce increases sharply in the credit-card payment market recently. Also, various payment services such as mobile card and the easy payment system have emerged in the e-commerce area, and electronic finance frauds and accidents using credit cards have also become more sophisticated and diversifiable accordingly. Thus, establishing FDS (Fraud Detection System) that considered differentiated e-commerce environmental features from the offline based current FDS system is needed to advance the prevention and detection of credit card frauds and accidents in e-commerce. In this paper, we compare the operating environment of the offline credit-card transaction and online e-commerce. Then we propose improvement method of credit-card e-commerce FDS detection that specialized online e-commerce. This method is considered the feature of the online credit-card transaction and the pattern of fraud usage in addition to operating offline transaction based FDS currently. And we verify the propriety and efficiency of the proposed method by applying it to the FDS system currently managed by a financial company.
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@article{ART002062135}, author={Seung Hyun Kim and Huy Kang Kim and Kim, Eunjin}, title={A Study on the Improvement of FDS Effectiveness over the Case Analysis on E-commerce Credit-card Fraud-to-sales}, journal={Journal of Knowledge Information Technology and Systems}, issn={1975-7700}, year={2015}, volume={10}, number={6}, pages={723-734}
TY - JOUR AU - Seung Hyun Kim AU - Huy Kang Kim AU - Kim, Eunjin TI - A Study on the Improvement of FDS Effectiveness over the Case Analysis on E-commerce Credit-card Fraud-to-sales JO - Journal of Knowledge Information Technology and Systems PY - 2015 VL - 10 IS - 6 PB - Korea Knowledge Information Technology Society SP - 723 EP - 734 SN - 1975-7700 AB - As the advancement of information and communications technology (ICT) and the rapid growth of Fintech (Finance Technology) industry, the proportion of online e-commerce increases sharply in the credit-card payment market recently. Also, various payment services such as mobile card and the easy payment system have emerged in the e-commerce area, and electronic finance frauds and accidents using credit cards have also become more sophisticated and diversifiable accordingly. Thus, establishing FDS (Fraud Detection System) that considered differentiated e-commerce environmental features from the offline based current FDS system is needed to advance the prevention and detection of credit card frauds and accidents in e-commerce. In this paper, we compare the operating environment of the offline credit-card transaction and online e-commerce. Then we propose improvement method of credit-card e-commerce FDS detection that specialized online e-commerce. This method is considered the feature of the online credit-card transaction and the pattern of fraud usage in addition to operating offline transaction based FDS currently. And we verify the propriety and efficiency of the proposed method by applying it to the FDS system currently managed by a financial company. KW - Frauds;Fraud detection system;Credit cards;Online transaction;E-commerce DO - UR - ER -
Seung Hyun Kim, Huy Kang Kim and Kim, Eunjin. (2015). A Study on the Improvement of FDS Effectiveness over the Case Analysis on E-commerce Credit-card Fraud-to-sales. Journal of Knowledge Information Technology and Systems, 10(6), 723-734.
Seung Hyun Kim, Huy Kang Kim and Kim, Eunjin. 2015, "A Study on the Improvement of FDS Effectiveness over the Case Analysis on E-commerce Credit-card Fraud-to-sales", Journal of Knowledge Information Technology and Systems, vol.10, no.6 pp.723-734.
Seung Hyun Kim, Huy Kang Kim, Kim, Eunjin "A Study on the Improvement of FDS Effectiveness over the Case Analysis on E-commerce Credit-card Fraud-to-sales" Journal of Knowledge Information Technology and Systems 10.6 pp.723-734 (2015) : 723.
Seung Hyun Kim, Huy Kang Kim, Kim, Eunjin. A Study on the Improvement of FDS Effectiveness over the Case Analysis on E-commerce Credit-card Fraud-to-sales. 2015; 10(6), 723-734.
Seung Hyun Kim, Huy Kang Kim and Kim, Eunjin. "A Study on the Improvement of FDS Effectiveness over the Case Analysis on E-commerce Credit-card Fraud-to-sales" Journal of Knowledge Information Technology and Systems 10, no.6 (2015) : 723-734.
Seung Hyun Kim; Huy Kang Kim; Kim, Eunjin. A Study on the Improvement of FDS Effectiveness over the Case Analysis on E-commerce Credit-card Fraud-to-sales. Journal of Knowledge Information Technology and Systems, 10(6), 723-734.
Seung Hyun Kim; Huy Kang Kim; Kim, Eunjin. A Study on the Improvement of FDS Effectiveness over the Case Analysis on E-commerce Credit-card Fraud-to-sales. Journal of Knowledge Information Technology and Systems. 2015; 10(6) 723-734.
Seung Hyun Kim, Huy Kang Kim, Kim, Eunjin. A Study on the Improvement of FDS Effectiveness over the Case Analysis on E-commerce Credit-card Fraud-to-sales. 2015; 10(6), 723-734.
Seung Hyun Kim, Huy Kang Kim and Kim, Eunjin. "A Study on the Improvement of FDS Effectiveness over the Case Analysis on E-commerce Credit-card Fraud-to-sales" Journal of Knowledge Information Technology and Systems 10, no.6 (2015) : 723-734.