Credit Card Fraud Detection System by CustomSoft
The system analyses user credit card data for various characteristics which includes user country, secret code, Previous Transaction history. Based upon previous data of that user the system recognizes unusual patterns in the payment procedure. If transaction made by credit card is more than 2%-3 %of usual transaction amount system will ask for secret code and user will get sms alert and verification code will be sent to the user for authentication. And if authentication fails the card will get blocked and sms alert will be sent to the registered mobile. Card will get blocked incase more than 3 invalid attempts done by user.
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