SHRI RAMMURTI SMARAK COLLEGE OF ENGINEERING & TECHNOLOGY.

BAREILLY-243101(U.P)

Synopsis
On

CREDIT CARD FRAUD DETECTION SYSTEM USING HIDDEN MARKOV MODEL

Group No: 11

SUBMITTED TO: Ms. Jyoti Agarwal PROJECT GUIDE: Ms. Priya Agarwal

SUMITTED BY: Abrar Ahmad (080004) Akhil Kr. Gupta (080006) Rudraansh Sethi (080085) Manoj Kr. Kannaujiya (080051)

September 14, 2011

[SYNOPSIS

CREDIT CARD FRAUD DETECTION SYSTEM]

CONTENTS
1. TITLE 2. OBJECTIVE OF PROJECT 3. REQUIREMENT SPECIFICATION 3.1 3.2 HARDWARE SOFTWARE

4. FEASIBILTY AND FUNTIONALITY 5. METHODOLOGY 6. ADVANTAGES OF PROJECT 7. PROJECT APPLICATION 8. PROJECT RISK 9. FUTURE ENHANCEMENTS 10. PROJECT LIMITATIONS 11.REFERNCES 12.SIGNATORY

September 14, 2011

[SYNOPSIS

CREDIT CARD FRAUD DETECTION SYSTEM]

1. Title: CREDIT CARD FRAUD DETECTION SYSTEM USING HIDDEN MARKOV MODEL

2. Objective of the Project: The objective of this application is as follows:

Creating an application to detect fraud Credit Cards. Implementing Hidden Markov model. Creating database containing all relevant information of Customer. Providing security to the customers at the time of transaction. Implementing firewall to restrict entry outside the Network.

3. Requirement Specification:

3.1) Software Requirement: Operating System: Windows XP/VISTA/2000/7 Application: Net Beans 6.5 Platform: JRE/JDK

September 14, 2011

[SYNOPSIS

CREDIT CARD FRAUD DETECTION SYSTEM]

3.2) Hardware Requirement:

RAM Requirement: 2 GB or above Processor : Dual Core/ Core 2 Duo/core i3/i5 Above 2.00 GHz 10GB or more

Processing speed : Hard Drive :

4. Features and Functionality

This project is based upon Hidden Markov Model. HMMs can be applied to the gesture-recognition problem. It is primarily concerned with empirically picking the HMM parameters from some sample data. Detects fraud to analyze the spending patterns on every card and to figure out any inconsistency with respect to the usual spending patterns. Fraud detection system is based on the analysis of existing purchase data of cardholder

It is a promising way to reduce the rate of successful credit card

frauds.

September 14, 2011

[SYNOPSIS

CREDIT CARD FRAUD DETECTION SYSTEM]

5. Methodology:
This project is developed under JAVA and applet as front end, so methodology adopted in this software is based on object oriented concept.

6. Advantage of the Project:

Proper security provisions are made from malicious threats and hacking tools so that user account cannot be harmed intentionally or non intentionally from frauds. Proper hierarchy of the users is maintained as per authority to access the data and use the services provided by the authority. Track all the necessary details during transaction process. In case of the existing system even the original card holder is also checked for fraud detection. But in this system no need to check the original user as we maintain a log. The log which is maintained will also be a proof for the bank for the transaction made. This reduces the tedious work of an employee in the bank. We can find the most accurate detection using this technique.

September 14, 2011

[SYNOPSIS

CREDIT CARD FRAUD DETECTION SYSTEM]

7. Project Applications:

The different areas where we can use this application are : It can be used on the server of any organization providing financial transactions. It can also be used in banks and modifications can be easily done according to requirements.

8. Project Risks:
Proper network security is necessary.

Frauds can be done using SQL injection.

9. Future Enhancements:

Speed of the software can be enhanced by implementation of

algorithms of less complexity. Inter mail server can be implemented using the same concept.

September 14, 2011

[SYNOPSIS

CREDIT CARD FRAUD DETECTION SYSTEM]

10. Project Limitations:

It works only on windows XP/2000/vista/7.

Proper Document hierarchy should be maintained for accessing the required credit card.

Files and folders of a user deleted accidently can not be

recovered.

September 14, 2011

[SYNOPSIS

CREDIT CARD FRAUD DETECTION SYSTEM]

REFERNCES
Data Compression by Khalid Sayood http://www.wikipedia.com http://www. ieeexplore.ieee.org

September 14, 2011

[SYNOPSIS

CREDIT CARD FRAUD DETECTION SYSTEM]

Group No: 12 Group Members: Abrar Ahmad.. Akhil Kr. Gupta. Manoj Kr. Kannaujiya Rudraansh Sethi .

Project Incharge:

Ms. Jyoti Agarwal Project Guide:

Ms. Priya Agarwal

HOD Of CS Deptt:

Mr. L.S. Maurya