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Check Payments are an essential part of society and the global economy, but they are also vulnerable to fraud. Financial institutions and payment processors must provide secure and reliable payment options to customers, but this can be challenging as new payment methods and technologies are introduced and criminals find new ways to commit fraud.One solution to reduce risk and prevent financial losses is the use of technology, such as image analysis and pattern recognition, to improve the security of vulnerable payment methods such as checks.Check fraud is a significant problem, with losses…mehr

Produktbeschreibung
Check Payments are an essential part of society and the global economy, but they are also vulnerable to fraud. Financial institutions and payment processors must provide secure and reliable payment options to customers, but this can be challenging as new payment methods and technologies are introduced and criminals find new ways to commit fraud.One solution to reduce risk and prevent financial losses is the use of technology, such as image analysis and pattern recognition, to improve the security of vulnerable payment methods such as checks.Check fraud is a significant problem, with losses estimated at $1.3 billion in the 2018 ABA Deposit Account Fraud Survey. Check fraud can occur through forgery, counterfeiting, alterations, kiting, and embezzlement, and new innovations in payment methods and technologies can lead to new methods of fraud.
Autorenporträt
U. Prabhakar ist mit AWS assoziiert und verfügt über Fachwissen in Bereichen wie Cloud Transformation Manager usw. Er hat mehrere Forschungsartikel zum Thema Check Fraud System veröffentlicht.Dr. Md. Aijaz arbeitet als außerordentlicher Professor an der KITS Ingenieurschule für Frauen.Dr. Pavan Kumar arbeitet als Assistenzprofessor an der Chaitanya Deemed University.