Bound Constructive Fraud and Implementing Dual Accessibility Approach on Biometric Credit/Debit Cards

Abstract

Behavioural transition from cash transaction (CT) to credit card transaction (CCT) raises frauds sharply in an e-commerce environment. CCT is a multi-functional device in fund transaction pool. The unstable growth of luxury promotes the use of cashless transaction heavily. This scenario is totally fuelled by the customer and the service providers in an e-commerce environment. This paper proposes a new approach to prevent the banking cards (credit/debit) fraud with the privilege of withdrawal of limited amount to the entitled person by dual access biometric card. This takes place in two ways—firstly, it matches the biometric credentials of prime authorized person, and secondly, it provides (Europay Mastercard and Visa chip) EMV strip encryption technique for permitting shared access. The approach utilized both biometric image of owner and second holder for enhancing liberty in access and the security in card transactions. Biometric technique makes fraudster to stay on circumference of fraud rather than entering into the pool of transactions. The approach can also trap the fraudster if he/she makes another attempt, by keeping the track of the previous fraud attempts.