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Fraud detection and mitigation in secure epayment transaction.

Fraudulent entries in the e-payment are quite common in most of the e-commerce transaction. In most of the E-commerce transaction, prevention and detection of fraudulent entries are given much importance as part of risk management strategies. There should be an appropriate technique or procedure to detect and respond to fraudulent entries. In order to detect fraudulent entries, the behavioral pattern of the fraudsters is to be monitored and controlled. Well-structured detective and preventive measures can mitigate the frauds in epayment transaction and can increase the reliability of e-transaction.

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