Soon, there will be scores to check credit card frauds
News from Economic Times:

MUMBAI: Soon, there will be scores on the lines of credit scores to check credit card frauds. In view of the recent instances of credit card frauds, the National Payments Corporation, backed by the Reserve Bank of India, is prodding banks to sign up for a software that would map customer spending and throw up alerts.

The software would generate scores based on the historical spending habits of a customer, such as the amount, the variety of outlets and the frequency, among others, said a person part of implementing the process.

A pilot study will be launched i…………… continues on Economic Times

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