Self-Payment Fraud Detection on Automated Teller Machine

Abstract

Over the past decade the amount of transactions and reported frauds on Automated Teller Machines (ATM) has significantly increased. Various types of frauds have been reported around misusing ATM cards and many methods have been deployed to detect and prevent them. In some countries, banks sell ATMs to investors under predefined circumstances and pay them in commission in order to increase the availability of the service but some ATM owners have been found to create fake transactions to obtain extra commissions.