Real-time fraud detection analytics on IBM System z

Payment fraud can be defined as an intentional deception or misrepresentation that is designed to result in an unauthorized benefit. Fraud schemes are becoming more complex and difficult to identify. It is estimated that industries lose nearly $1 trillion USD annually because of fraud. The ideal sol...

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Bibliographic Details
Corporate Author: International Business Machines Corporation (-)
Other Authors: Ebbers, Mike Author (author), Chintala, Dheeraj Reddy Contributor (contributor), Ranjan, Priya Contributor
Format: eBook
Language:Inglés
Published: [Place of publication not identified] IBM Corporation International Technical Support Organization 2013
Edition:1st ed
Series:IBM redbooks.
Subjects:
See on Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009629526806719
Description
Summary:Payment fraud can be defined as an intentional deception or misrepresentation that is designed to result in an unauthorized benefit. Fraud schemes are becoming more complex and difficult to identify. It is estimated that industries lose nearly $1 trillion USD annually because of fraud. The ideal solution is where you avoid making fraudulent payments without slowing down legitimate payments. This solution requires that you adopt a comprehensive fraud business architecture that applies predictive analytics. This IBM® Redbooks® publication begins with the business process flows of several industries, such as banking, property/casualty insurance, and tax revenue, where payment fraud is a significant problem. This book then shows how to incorporate technological advancements that help you move from a post-payment to pre-payment fraud detection architecture. Subsequent chapters describe a solution that is specific to the banking industry that can be easily extrapolated to other industries. This book describes the benefits of doing fraud detection on IBM System z®. This book is intended for financial decisionmakers, consultants, and architects, in addition to IT administrators.
Item Description:Bibliographic Level Mode of Issuance: Monograph
Physical Description:1 online resource (1 v.) : ill
Bibliography:Includes bibliographical references.