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Can you please guide us in developing our final year project of B.E.I.T?

By Paraveen ·
Sir,
We are the students B.E.I.T of Mumbai university,India.
We are developing a project on frauds involved in online credit card transactions.
We have no proper guidance.We don't even know what resources we will require.We don't have any new idea to implement in our project.What new things we can add to current fraud detection systems?
We are comfortable in using Java.Can you please guide us in our project?

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Google is your friend

by robo_dev In reply to Can you please guide us i ...

If I were your teacher, I would tell you:

What current fraud detection solutions exist?

e.g. a Google search on 'fraud detection' yielded hundreds of thousands of results

http://www.kdnuggets.com/solutions/fraud-detection.html

From there do a google search on 'future credit card fraud detection techniques'

the first result is:

http://www.aaai.org/AITopics/pmwiki/pmwiki.php/AITopics/Fraud

So from there, the next question is:

What are the limitations of existing fraud detection systems?

Can we develop a method to address a limitation of the current system?

Can we develop a basic working model of one the future system models?

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