CREDIT CARD FRAUD DETECTION USING BIO METRIC FINGERPRINT AUTHENTICATION

Establishing the identity of a person is becoming critical day by day in our vastly inter-connected society. People fake their identity and do a lot of illegal scams whose bad impacts can be seen in every individual’s life. People are very much dependent on the technologies these days as new technologies is providing lots of comfort to everyone but as we know bad things always comes with the good one, likewise the credit card also comes with the disadvantages of getting it scammed by fraudsters. Credit card frauds occur when an unknown party impersonate himself as the authenticated cardholder and does the transaction without letting the real owner to know about it. Credit card frauds not only lead to loss of money but it also affects the individuals in many ways, like criminal activities, etc. So in order to deal with these issues we have come across an approach named as Biometric-based (fingerprint) authentication which is secure enough to stop the credit card frauds to some extent. So, in this paper we will explore how credit cards with additional fingerprint verification can provide strong payment authorizations.