Search results for "Credit card"
showing 9 items of 9 documents
An Application of Hybrid Models in Credit Scoring
2000
The predictive capability of parametric and non-parametric models in solving problems related to financial classification has been widely proved in empirical research carried out in the financial field, particulary in problems like bond rating, bankruptcy prediction and credit scoring. However, recently, it has been shown that a combination of different models generally reduces the prediction error, so that the best alternative to consider may not be a specific model but a combination of them. In this paper, we study hybrid systems based on the aggregation of individual (parametric and nonparametric) models. Our hybrids are built by using both parametric and non parametric models as the sys…
Credit card incidents and control systems
2012
Abstract Credit and debit cards have spread and skyrocketed all around the world to become the most popular means of payments in many countries. Despite their enormous popularity, cards are not free of risk. Technology development and e-commerce have exponentially increased internal credit card incidents. This paper identifies and quantifies the different types of credit card fraud and puts into question the effectiveness of the role assigned to cardholders in its detection.
Transactions in Mobile Electronic Commerce
2000
With the development of global networking, invention of WWW, and proliferation of Internet-enabled computer hardware and software into homes and pockets, a huge customer base has been created for electronic commerce. It is rapidly expanding in USA and Europe and Japan are following the trend. So far, the development of E-commerce has happened in a rather unregulated way especially in USA, whereas in Europe the European Commission has been developing a regulatory basis mainly in form of directives. Currently (12/1999) they have not yet all been accepted and a major restructuring of the regulatory framework has also been planned. Another technological development is the rapid growth of mobile…
Money Invested on Shopping Online and Payment Methods Used: Findings by Recent Survey
2021
Within development of telecommunication, e-commerce is rapidly replacing traditional shopping as well as offering new ways to pay for goods. Payment is one of the main phases of buying decision process and it is crucial to e-commerce, because there is a big possibility that consumer will abandon the shopping cart if preferred payment method is not available. Not only flexible payment options can help company to attract and retain customers, but it also can ensure that company get paid more quickly. The aim of the research is to find out how much money Latvian customers invest when shopping online and which payment methods they use to pay for the purchase on internet in Latvia. Research meth…
Elektronisko norēķinu attīstības analīze
2016
Pasaulē šobrīd elektronisko norēķinu veidi ir plaši pieejami, arī Latvijas bankas aktīvi izplata elektronisko norēķinu palīgrīkus, piedāvājot internetbankas un maksājuma karšu komplektus. Darba autors noskaidro Latvijas elektrisko norēķinu tirgus gatavību pāriet no skaidrās naudas maksājumiem uz elektroniskiem norēķiniem, analizē elektronisko norēķinu attīstības tendences. Autors vispirms aplūko elektronisko norēķinu vēsturisko pusi. Pievērš uzmanību spēkā esošo likumu normatīviem regulējumiem. Veic elektronisko norēķinu tirgus analīzi, atklāj nākotnes attīstības tendences. Sniedz informāciju par elektronisko norēķinu riskiem, norēķinu drošības un risku novēršanas pasākumiem Uz darba gaitā …
CREDIT RISK MANAGEMENT IN COMMERCIAL BANKS
2016
The article proposes a model of credit risk assessment on the basis of factor analysis of retail clients / borrowers in order to ensure predictive control of the level of risk posed by potential clients in commercial banks engaged in consumer lending. The aim of the study is to determine the level of risk represented by different groups (classes) of retail clients (borrowers) in order to reduce and prevent credit risk in the future as well as to improve the management of banking risks. The main results of the study are the creation of a model of borrowers internal credit ratings and the development of the methods of improving credit risk management in commercial banks.
Is the cardholder an efficient alarm system to detect credit card incidents?
2015
There is a growing tendency in credit card industry to increase the contribution of the smallest players, the cardholders, in the detection of card incidents. This article examines whether cardholders are efficient at detecting/communicating incidents of theft, loss or fraudulent use of their cards. The analysis focuses on whether they demonstrate enough speed of response to support a risk control subsystem by the issuer. The research follows a completely new approach showing how the issue can be handled by applying the concept of elasticity, a notion just recently exported from economics to the field of statistics by linking it with the reverse hazard rate. The issue is focused on the anal…
Touch, threats, and transactions: Pandemic influences on consumer responses and the mediating role of touch likelihood when shopping for fruits and v…
2022
The COVID-19 pandemic has influenced consumer behavior in numerous ways. Most of the public health measures have centered around minimizing social contact and physical touch. In the present study, we investigate the impact of such touch restrictions, introduced during the pandemic, on consumers’ shopping responses and payment preferences in the context of a perishable food category amenable to tactile evaluation (fresh fruits and vegetables). The study used a single-factor between-subjects design (during vs. before the COVID-19 pandemic), with the data collected in a scenario-based online experiment from a sample of 729 participants. The results revealed significantly less favorable shoppin…
Privacy invasions
2006
Nowhere has technological progress been as dramatic as in the field of information and communication technology (ICT). Citizens of the developed world now live in an environment in which access to electronic information and communication is nearly ubiquitous—and we rely heavily on being surrounded by this technology. In fact, it is so omnipresent that we only recognize our dependence on ICT when a network server or a communications system fails, leaving us cut off from cyberspace. > …computers, mobile telephones, personal digital assistants, music players and all other types of electronic gadgets are further shrinking in size, and we will soon wear them as we do clothes or jewellery… The fi…