fraud detection in banking transactions

Essay specific features

 

Issue:

Business

 

Written by:

Marie M

 

Date added:

April 15, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

15 / 4003

 

Was viewed:

6302 times

 

Rating of current essay:

 
Essay content:

This report lists out the complete system requirements and design architecture of the project. The requirements contained herein will include, but not be limited to: Capabilities or system functionality – What a system does, to include, but not be limited to: Interfaces (internal and external hardware) Business Rules Data source and destination Exact sequence of operations and the algorithms used in those operations Triggers or stimuli to initiate operations or to force a change in state Error handling, recovery and responses to abnormal situations Validity checks Input/output sequences and conversion algorithms Frequency of use and update Constraints- Limitation imposed on the solution by circumstance, force or compulsion to include, but not be limited to: Design constraints based on TrinucInc IT Standards Control and Governance constraints (internal and external) Non-functional requirements to include, but not be limited to: Performance Requirements, Usability Quality Requirements (audibility, reliability, maintainability, etc...
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This is nearly 15 times the $65 million taken in bank robberies annually. The Concise Oxford Dictionary defines fraud as ‘criminal deception; the use of false representations to gain an unjust advantage'. Fraud is as old as humanity itself, and can take an unlimited variety of different forms. However, in recent years, the development of new technologies (which have made it easier for us to communicate and helped increase our spending power) has also provided yet further ways in which criminals may commit fraud...
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