This document describes a project on credit card fraud detection with integration of biometrics. The objective is to prevent credit card fraud during online transactions by integrating biometrics verification. It lists the group members and provides background on credit card fraud, including common reasons like skimming, hacking, dumpster diving and phishing. It acknowledges existing fraud detection tools but notes a need to prevent fraud during online transactions. The proposed solution involves integrating biometric verification during the online credit card transaction process, after a user clicks pay. Technologies like HTML, CSS, JavaScript, Node.js, Python and Flask would be used.
This document describes a project on credit card fraud detection with integration of biometrics. The objective is to prevent credit card fraud during online transactions by integrating biometrics verification. It lists the group members and provides background on credit card fraud, including common reasons like skimming, hacking, dumpster diving and phishing. It acknowledges existing fraud detection tools but notes a need to prevent fraud during online transactions. The proposed solution involves integrating biometric verification during the online credit card transaction process, after a user clicks pay. Technologies like HTML, CSS, JavaScript, Node.js, Python and Flask would be used.
This document describes a project on credit card fraud detection with integration of biometrics. The objective is to prevent credit card fraud during online transactions by integrating biometrics verification. It lists the group members and provides background on credit card fraud, including common reasons like skimming, hacking, dumpster diving and phishing. It acknowledges existing fraud detection tools but notes a need to prevent fraud during online transactions. The proposed solution involves integrating biometric verification during the online credit card transaction process, after a user clicks pay. Technologies like HTML, CSS, JavaScript, Node.js, Python and Flask would be used.
Credit Card Fraud Detection – with integration of Biometrics
GROUP MEMBERS:
• Krishna Kumar Awasthi (1900520130026)
• Ankit Verma (1900520130014) • Ashish Verma (1900520130016) What is Credit Card Fraud ?
Credit card fraud refers to a scammer using your
credit card number and PIN or your stolen credit card for financial transactions from your account and without your knowledge. Credit Card Fraud is one of the major threads in the financial industry. Due to the covid-19 pandemic and the advance in technologies, the number of users is increasing, with the increased use of credit cards. Due to more use of credit cards, Fraud cases also increase day by day. OBJECTIVE To prevent credit card fraud using integration of biometrics during online transactions. Reasons of Credit Card Fraud Skimming- Credit card skimming is a type of theft where the thief makes use of a device, known as a skimmer and steals the information of a credit card. Hacking- Thieves can hack companies with whom you have had transactions that perform credit card processing activities. They will then engage in data breaches. Dumpster diving- When you discard your bills or documents with your full credit card number on them, thieves can retrieve these details and commit fraud. Phishing- It includes the persuading of consumers to provide their sensitive data by tricking them by the scammers. Fraud Alert Problem There are a variety of tools and techniques available for detecting fraud, with most merchants employing a combination of several of them. Currently credit card companies are able to recognize fraudulent credit card transactions so that customers are not charged for items that they did not purchase. For preventing credit card fraud for physical transactions, Biometrics credit cards already exist but how can we prevent fraud during online transactions. Technologies and Tools Used
Frontend
HTML CSS JavaScript
Backend Node.js Python Flask Integration of Biometrics During Credit Card Transaction
Home page Payment mode Verification with Biometrics
After clicking on pay Biometric verification needed