Prevention of Credit Card Frauds on the Internet
Dong Qiao-liang · Mianyang Shifan Xueyuan xuebao · 2007
With the development of financial informationalization in recent years,more and more Chinese customers use credit card to conduct transactions,from banking to shopping,through internet.For customers,however,it is a worrying trend that there has been a rise in fraudulent claims.In this article,the authors have tried to probe into the credit card fraud performed electronically.Compared with the fraud cases in traditional transactions,credit card fraudulent transactions on multimedia products are easy to conduct but difficult to discover and recover.In this paper, the authors have firstly classified the types of the usual fraud occurred on the internet.And secondly,the authors have introduced the use of a Secure E-mail,which includes pseudo-random verifying codes,as a way to authenticate the customer and to simulate his / her physical address in order to prevent credit card frauds.