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ABSTRACT: We empirically explore the fragility of wholesale funding of banks, using transaction‐level data on short‐term, unsecured certificates of deposit in the European market. We do not observe a market‐wide freeze during the 2008 to 2014 period. Yet, many banks suddenly experience funding dry‐ups. Dry‐ups predict, but do not cause, future deterioration in bank performance. Furthermore, during periods of market stress, banks with high future performance tend to increase reliance on wholesale funding. We therefore fail to find evidence consistent with adverse selection models of funding market freezes. Our evidence is in line with theories highlighting heterogeneity between informed and uninformed lenders. [ABSTRACT FROM AUTHOR]

This paper presents investigating fraud transaction detection in the mail order industry. These kinds of detection have done intensively, but the outcome of the research has not shared among the mail-order industry. As the B2C market such as the Amazon type business expands their market volume exponentially, the fraud transactions increase in number. As a matter of course, this phenomenon is not only continuing but clever. One of the conclusive factor for this phenomenon is the payment method. That is, the deferred payment method. The conventional primary indicator for the fraud detection is the ordered time based information. They are shipping address, recipient name, and the payment method. This kind of information makes use of the prediction in common. Conventional detecting method for the fraud depends on the human working experiences so far. From such kind of information, the mail-order company predicts the potential fraud customer with their working experience parameters. As the number of order transaction becomes large, fraud detection becomes difficult. The mail order industry needs something clever detection method. From these backgrounds, we observe the transaction data with the customer attribute information gathered from a mail order company in Japan and characterized the customer with a machine learning method. From the results of the intensive research, potential fraudulent transactions are identified. Intensive research revealed that the classification of the deliberate customer and the careless customer with machine learning. [ABSTRACT FROM AUTHOR]

The article discusses virtual currencies (VC), and benefits and risks brought about by it and impact of development on the process of transformation on virtual currency. It gives an information for how VCs can be accessed, VC schemes, distributed ledger technologies and its use for international fund transfer and securities transactions. It also discusses regulatory and policy challenges of VC poses, and also mentions benefits of it.

Frauds that occur in the area of value added tax damage not only financial interests of the state, but also the financial interests of the European Union. The phenomenon of fraud in the scope of the value added tax system appeared in 1993 upon the abolition of customs controls. Due to the application of the cross-border taxation system for transactions within the European Union based on the destination principle, tax frauds occur in transactions in goods, and later in connection with transactions in services, as well. The paper deals with reasons for the occurrence of these types of frauds, with markets that are subject to illegal activity and with an analysis of possible solutions for their prevention. Since certain prevention solutions are already in use, the paper analyses their effectiveness and presents the possibility of their combination. [ABSTRACT FROM AUTHOR]

Widespread usage of mobile devices in conjunction with malicious software attacks calls for the development of mobile-device-oriented mechanisms aiming to provide strong authentication and transaction security. This paper considers the eBanking application scenario and argues that the concept of using a trusted companion device can be ported to the mobile realm. Trusted companion devices involve established and proven techniques in the PC (personal computer) environment to secure transactions. Various options for the communication between mobile and companion devices are discussed and evaluated in terms of technical feasibility, usability, and cost. Accordingly, audio communication across the 3.5-mm audio jackValso known as tip-ring-ring-sleeve, or TRRS connector,Vis determined to be quite appropriate. We present a proof-of-concept companion device implementing binary frequency shift keying across this interface. Results from a field study performed with the proof-of-concept device further confirm the feasibility of the proposed solution. [ABSTRACT FROM AUTHOR]

In recent years, counterfeiters have become a menace to industry worldwide. This problem is not specific to certain products or countries. More and more RFID applications to solve malicious behaviors have been presented. However, these RFID applications still generate some disputes and do not conform to EPCglobal Class 1 Generation 2 (C1G2) standards. Most techniques are unsuitable for on-line automatic testing of product authenticity, as required in warehouses. To solve this problem, we propose an on-line authorized RFID secure transaction system with anti-counterfeiting technology. In this way, the counterfeiter be restrained, but the consumers interests will also be protected. [ABSTRACT FROM AUTHOR]

With today's smartphones, transferring money at a branch or ATM is quickly becoming a thing of the past. But how can you be sure that your money and personal information are secure when banking on your smartphone asks Alex Grant, Managing Director, Fraud Prevention, Barclays. [ABSTRACT FROM PUBLISHER]