The role of IT/IS in combating fraud in the payment card industry

The vast growth of the payment card industry (PCI) in the last 50 years has placed the industry in the centre of attention, not only because of this growth, but also because of the increase of fraudulent transactions. The conducted research in this domain has produced statistical reports on detection of fraud, and ways of protection. On the other hand, the relevant body of research is quite partial and covers only specific topics. For instance, the provided reports related to losses due to fraudulent usage of cards usually do not present the measures taken to combat fraud nor do they explain the way fraud happens. This can turn out to be confusing and makes one believe that card usage can be more negative than positive. This paper is intended to provide accumulative and organized information of the efforts made to protect businesses from fraud. We try to reveal the effectiveness and efficiency of the current fraud combating techniques and show that organized worldwide efforts are needed to take care of the larger part of the problem. The research questions that will be addressed in the paper are: 1) how can IT/IS help in combating fraud in the PCI?, and 2) is the implemented IT/IS effective and efficient enough to bring progress in combating fraud? Our research methodology is based on a case study conducted in a Macedonian bank. The research is explorative and will be mostly qualitative in nature; however some quantitative aspects will be included. The findings indicate that fraud can take up many forms. A classification of the different forms of data theft into different fraudulent appearances was made. We showed that the benefits from implementing the fraud reduction efforts are multiple. Results show that a bank has to be very small to experience losses from fixed expenditures coming from the implementation of the fraud reduction IT/IS. Medium-sized and large banks should not even see any problems arising from those expenditures. Based on the empirical data and the presented facts we can conclude that the fraud reduction IT/IS do have a positive effect on all sides of the payment process and fulfills the expectations of all stakeholders

Analysing B2B electronic procurement benefits – Information systems perspective

This paper presents electronic procurement benefits identified in four case companies. The benefits achieved in the case companies were classified according to taxonomies from the Information Systems discipline. Existing taxonomies were combined into a new taxonomy which allows evaluation of the complex e-procurement impact. Traditional financial-based methods failed to capture the nature of e-procurement benefits. In the new taxonomy, eprocurement benefits are classified using scorecard dimensions (strategic, tactical and operational), which allows the identification of areas of e-procurement impact, in addition the benefits characteristic is captured (tangible, intangible, financial and non-financial)

The function of remote sensing in support of environmental policy

Limited awareness of environmental remote sensing’s potential ability to support environmental policy development constrains the technology’s utilization. This paper reviews the potential of earth observation from the perspective of environmental policy. A literature review of “remote sensing and policy” revealed that while the number of publications in this field increased almost twice as rapidly as that of remote sensing literature as a whole (15.3 versus 8.8% yr−1), there is apparently little academic interest in the societal contribution of environmental remote sensing. This is because none of the more than 300 peer reviewed papers described actual policy support. This paper describes and discusses the potential, actual support, and limitations of earth observation with respect to supporting the various stages of environmental policy development. Examples are given of the use of remote sensing in problem identification and policy formulation, policy implementation, and policy control and evaluation. While initially, remote sensing contributed primarily to the identification of environmental problems and policy implementation, more recently, interest expanded to applications in policy control and evaluation. The paper concludes that the potential of earth observation to control and evaluate, and thus assess the efficiency and effectiveness of policy, offers the possibility of strengthening governance

Corruption in UK local government: the mounting risks

No description supplie

Rent Fraud: Illegal Rent Increases and the Loss of Affordable Housing in New York City

By analyzing rent registration histories ("rent histories") from 200 randomly selected apartments from across New York City and examining the Division of Housing and Community Renewal's (DHCR) services, this study investigates how often landlords register illegally high rents with DHCR and considers how well DHCR addresses the problem of illegal rent increases. The findings are troubling

Predicting Fraud in Mobile Phone Usage Using Artificial Neural Networks

Mobile phone usage involves the use of wireless communication devices that can be carried anywhere, as they require no physical connection to any external wires to work. However, mobile technology is not without its own problems. Fraud is prevalent in both fixed and mobile networks of all technologies. Frauds have plagued the telecommunication industries, financial institutions and other organizations for a long time. The aim of this research work and research publication is to apply 3 different neural network models (Fuzzy, Radial Basis and the Feedforward) to the prediction of fraud in real-life data of phone usage and also analyze and evaluate their performances with respect to their predicting capability. From the analysis and model predictability experiment carried out in this scientific research work, it was discovered that the fuzzy network model had the minimum error generated in its fraud predicting capability. Thus, its performance in terms of the error generated in this fraud prediction experiment showed that its NMSE (Normalized mean squared error) for the fraud predicted was 1.98264609. The mean absolute error (M AE = 15.00987244) for its fraud prediction was also the least; this showed that the fuzzy model fraud predictability was much better than the other two models

Exploring anti-corruption capabilities of e-procurement in construction project delivery in Nigeria

The use of electronic (e-­) procurement to support the execution of supply chain management activities in the different industrial sectors is permeating all regions of the world. However, in countries in sub-Saharan Africa where there is a significant level of corruption and unethical practices in the procurement process, there is a need for a better understanding of how e-Procurement can help to check the incidence of corrupt and unethical practices in construction project delivery. This study relied on a cross-sectional survey of 759 respondents, including architects, builders, engineers, estate/facilities managers, contractors, construction/project managers, quantity surveyors, supply chain managers and others to identify and analyse the anti-corruption capabilities of e-Procurement in construction project delivery in Nigeria. The results of the descriptive statistics, relative importance index and principal components analysis identified 18 anti-corruption capabilities in e-Procurement in construction project delivery with the three most important ones being the capability of e-Procurement to ensure good inventory management/record keeping; accountability by providing audit services trail and minimise direct human contacts during bidding. The key underlying dimensions of these capabilities include the advantage of e-Procurement over the traditional paper-based method; transparent bidding process and increase in competition in construction project delivery process. The findings of this study have implications, especially, on the use of e-Procurement to curb corruption in construction procurement activities