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Currency usage either in the physical or electronic marketplace through chip-based or magnetic strip-based plastic card becoming the vulnerable point for the handlers. Proper education and awareness can only thrive when concrete fraud detection techniques are being suggested together with potential mitigation possibilities. The purpose of this research study is tendering in the same direction with a suitable plan of action in developing the authentication strength metric to give weightage marks for authentication techniques.

In this research study, a qualitative in-depth exploration approach is being adapted for a better description, interpretation, conceptualization for attaining exhaustive insights into specific notions. A concrete method of observation is being adopted to study various time boxed reports on plastic card fraud and its possible impacts. Content and narrative analysis are being followed to interpret more qualitative and less quantitative story about existing fraud detection techniques. Moreover, an authentication strength metric is being developed on the basis of time, cost and human interactions.

The archived data narrated in various published research articles represent the local and global environment and the need for plastic card money. It gives the breathing sense and capabilities in the marketplace. The authentication strength metric gives a supporting hand for more solidification of the authentication technique with respect to the time, cost and human ease.

The research study is well controlled and sufficient interpretive. The empirical representation of authentication technique and fraud detection technique identification and suggestive mitigation gives this research study an implication view for the imbibing research youths. An application and metric based pathway of this research study provides a smoother way to tackle futuristic issues and challenges.

This research study represents comprehensive knowledge about the causes of the notion of plastic card fraud. The authentication strength metric represents the novelty of a research study which produced on the basis of rigorous documentary and classified research analysis. The creativity of the research study is rendering the profound and thoughtful reflection of the novel dimension in the same domain.

Argues that plastic card usage has risen dramatically over the last ten years, and that this increased use has led to an increase in plastic card crime. The Association for Payment Clearing Services (APACS) runs a nationwide Card Watch campaign, an education awareness programme which targets groups vulnerable to card crime such as women and motorists. The campaign also works in partnership with retail organizations and agencies such as the police, with a focus on card security and technology and the implementation of measures to make the distribution of cards more secure. The retail arena is particularly significant as three‐quarters of all plastic card fraud is committed at point of sale. Increased authorizations and the new UK National Merchant Alert Service will save millions, and research into new fraud prevention technology at point of sale is progressing. Retail assistance in helping to prevent card crime is vital. The banking industry awarded more than £7 million in 1992 to retail staff who stopped fraudulent transactions.

Plastic card fraud is a worldwide problem that has been with us since the first mass issue of cards in the late 1960s. The level of plastic card fraud is, therefore, a symptom of success of the card business.

This paper considers plastic fraud and, in particular, the fraudulent production of imitations and ‘white’ plastics. Countermeasures include the controls of card issuers and processors, computer software, and intelligence sharing and gathering. The author concludes the paper with an assessment of the success of countermeasures and the need for Government and the judiciary to grasp the seriousness of the threat posed by plastic card fraud.

The purpose of this paper is to discuss credit card fraud in Trinidad and Tobago.

The paper describes credit card typologies in Trinidad and Tobago and the existing law governing such fraud. It outlines the success and inadequacies of the enforcement machinery and issues involving credit card fraud detection and prevention.

The law regarding credit cards is in a very confused and unsatisfactory state in Trinidad and Tobago. Education in counteracting the criminal activities of credit card fraudsters is vital. Informing the public of the various fraudulent typologies relative to credit cards and at the same time, advising members how to protect themselves are the most effective methods to address the fraud problem. The Bankers Association of Trinidad and Tobago should also play a critical role in addressing credit card fraud. The association should formulate credit card policies along similar principles as those formulated for cheque fraud to benefit all banks and merchants.

Credit card fraud has only been a recent phenomenon in Trinidad and Tobago. This paper is valuable in offering suggestions as to the way forward in the prevention of such fraud.

The purpose of this paper, which is based on author's PhD study, is to analyze the trends in credit card fraud prevention in the USA, the UK, Australia and Indonesia, particularly over the period 2003‐2007, with special focus on the fraud prevention practices in the payments systems.

This study uses primary and secondary data particularly from the payments systems of the USA, the UK, Australia and Indonesia to conduct historical and benchmarking analyses to highlight the trends in credit card fraud prevention in the four countries.

The study establishes that a common approach in preventing credit card fraud is reducing offenders' opportunities to commit their offences, which often require significant amount of resources and thus sound strategy needs to be properly formulated and executed. Referring primarily to the practices in the USA, the UK, Australia and Indonesia, resources are mainly allocated to six key areas of fraud prevention: understanding of the real problems, fraud prevention policy, fraud awareness, technology‐based protection, identity management and legal deterrence. These are supported in principle by four main groups in a payments system: user, institution, network and government and industry.

The paper provides insights into the nature of credit card fraud, as well as a framework for designing a sound credit card fraud prevention strategy in a country's payments system.

The adage ‘prevention is better than cure’ has merit in all areas of crime management — after all, most victims of crime would far rather not suffer from it in the first place than see it detected or cleared up after the event — and is of especial relevance to matters of fraud involving plastic money.

The purpose of this paper, which is based on author's PhD study, is to assess the efficacy of Indonesia's credit card fraud prevention from a strategic point of view, using a model of payments fraud prevention practice developed by the author based on similar practices in the USA, the UK and Australia.

Primary and secondary data, particularly from the payments system of the USA, the UK, Australia and Indonesia were used. Such data were collected by means of literature reviews and in‐depth interviews with payments system professionals.

The author establishes that credit card fraud prevention practice in Indonesia is still at a lower level of robustness than those in the USA, the UK and Australia. Deficiencies in the credit card fraud prevention practice in Indonesia are indicated, inter alia, by a lack of reliable fraud data collection, management and distribution mechanisms as well as a lack of effective and efficient identity management practice. Deficiencies and weaknesses in the system should be identified and action taken to make it more consistent with credit card fraud prevention practices of other countries.

The paper sees credit card fraud prevention practice in Indonesia as a function of many factors which influence one another, based on which the analysis is built.

Explores the potential use of behavioural and physiological biometric techniques in the battle against credit card fraud in the retail environment. Discusses automatic speaker and dynamic signature verification, fingerprint and facial recognition, retinal and iris scanning, and hand and finger geometry. The requirement for recognition performance, speed of use, usability and customer acceptance, device and card cost are considered, along with industry standards for biometric devices.

The purpose of this paper is to report on a search of criminology and related databases to identify fraud prevention intervention projects that showed promising achievements in reducing offences.

A keyword search of Criminal Justice Abstracts was supplemented by searches of related databases and case study repositories – conducted up to 31 May 2019. The paper includes some attention to indicators of “what doesn’t work” as well as “what might work” or “what should work”. Selection criteria were open about evidence, rather than exclusively applying strict scientific standards.

Overall, the literature is marked by inferences regarding what should work, based on diagnostics about opportunity factors in fraud and victim characteristics. In terms of evaluated intervention projects, only two were identified that met best practice scientific standards. However, a further 17 projects were included where there was some evidence of a likely benefit.

Available evaluations of intervention projects are predominantly within-in group studies. Pre- and post-intervention time frames are often short, limited to one year or less; with only one follow-up study.

The findings demonstrate the need for applied experiments to build knowledge about effective fraud reduction strategies. The main lesson from the content of the 19 projects concerns the value of a situational crime prevention framework for designing and testing interventions, especially through enhancing rule setting, reducing anonymity, extending guardianship and formal surveillance, and facilitating compliance.

This appears to be the first systematic literature review of applied counter-fraud intervention projects.