TYPES AND FRAUD CLASIFICATION IN THE PAYMENT SYSTEMS BASED ON THE PAYMENT CARDS – SHORT OVERVIEW OF THE CURRENT STATE

Abstract

This paper describes most important weaknesses of the payment systems based on the payment card, as well as the most often frauds. The System weaknesses can be used by the elements which can influence the organization from the outside world and insider factors. Therefore, special attention must be paid to the information security for this kind of organizations. Fraud in the payment systems based on the payment cards is very dangerous, because beside the stolen money, identity or product, the most important resource of the modern financial world is compromised – information. Stolen information are enabling to malicious participants in the payment processes to access deeper into the system, and therefore all system components must be clearly defined, to determine input and output from information and to determine appropriate protection mechanisms.