Loss Prevention and Fraud Detection System

Abstract

The project aims at providing a customer friendly solution for POS (point of service) application. This integration helps accumulate data from POS application at different locations under one centralized cloud system. This way the service providers can target different categories of loss and frauds that can emerge in retails. It also helps in providing business analysis. In this project, integration consists of two major modules i.e. loss prevention and fraud detection application with any POS (point of service) or online customer retail application. This integration helps the two applications to communicate where one application uses the data from the other .The UI framework has been designed using the OJET (Oracle Java Extension Toolkit). This helps in displaying the generated reports which provide data analysis. This data analysis helps in the decision making process and to increase the profits. The business analysis module is used to give an insight into the data pattern and then formulate policies and decisions accordingly.