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MIT researchers have employed a new machine-learning technique to substantially reduce false positives in fraud-detecting technologies. Image: Chelsea Turner

False positive reduction in credit card fraud detection

Consumer's credit cards are declined shockingly frequently in real exchanges. One reason is that fraud-detecting innovations utilized by a shopper's bank have inaccurately hailed...
Fingopay: payments through your fingers

FingoPay: Payments through your fingers

Currently, a credit card is used to make payments of anything anywhere. It is a small plastic card issued by a bank, building society,...

Hack Proof RFID Chip to Improve Security of Credit Cards

Scientists from MIT and Texas instruments have developed a new type of RFID chip i.e Radio Frequency Identification chip, which helps to improve the security...