Detection of Frauds in Credit Card Transactions

Abstract

The method described in this article is designed to discover the role of credit management in small-scale business endeavours. The management of difficult debt, which is an inherent part of the credit management process, is consistently considered. Regardless matter how effective credit supervisors are, bad loans persist with regularity, and credit management has to incorporate methods for collecting past-due debts. Credit management studies how customers' monetary foundations respond to credit agencies and how small business owners respond to credit management methods. A grass-roots movement, small in scale, to assist businesspeople and therefore make employment and poverty less of a problem. It is important that credit offices that the monetary system has contacted with regard to small-scale company ensure that proper oversight is exercised to guarantee repayment and development of small-scale businesses. This brings us to the matter of how credit managers have treated this organization's exhibitions. A subset of businesses were surveyed in order to get the critical data. SPSS was used to test the hypotheses once clarifying insights were extracted. It has been shown that small-scale owners with poor record-keeping abilities struggle to maintain legal documents of their operations. Banks should explain to their customers why it is so important to maintain a legal record, the ways in which the credit office was provided to them, and why they should return the office on short notice. The test is crucial to the interests of those in the corporate world, the main players in the financial sector, and the economy's strategists.