Pattern Analysis and Risk Control of E-Commerce Transactions to Secure Online Payments

Funding: 2009: $115,000
2010: $110,000
2011: $105,000

Project Member(s): Cao, L., Zhang, C.

Funding or Partner Organisation: Australian Research Council (ARC Linkage Projects)
Westpac Banking Corporation (Westpac Partnership Fund)
A2 CONSULTING PTY LTD (A2 Consulting Pty Ltd Partnership Fund)

Start year: 2009

Summary: Online payment fraud is rated as the most critical threat to online businesses and causes massive losses every year. Effective approaches to discovering patterns related to fraudulent online payments are urgently required to filter e-payment transactions ''''on-the-fly'''' and estimate their risk of fraud. We will investigate real-life rare but significant fraudulent transactions in order to develop novel and workable algorithms, toolboxes and a system prototype for the pattern analysis and risk control of e-payment transactions. The project will contribute to the instant detection and prevention of real-time risky e-payments, and improve the confidence of e-payment acquirers and card associations.'',

Publications:

Cao, L 2020, 'In-Depth Behavior Understanding and Use: The Behavior Informatics Approach', Information Science, 180(17); 3067-3085, 2010, vol. 180, no. 17, pp. 3067-3085.
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Wang, H, Zhang, P, Tsang, I, Chen, L & Zhang, C 1970, 'Defragging Subgraph Features for Graph Classification', Proceedings of the 24th ACM International on Conference on Information and Knowledge Management, CIKM'15: 24th ACM International Conference on Information and Knowledge Management, ACM, Melbourne, VIC, Australia, pp. 1687-1690.
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Cao, L 2013, 'Combined mining: Analyzing object and pattern relations for discovering and constructing complex yet actionable patterns', WIREs Data Mining and Knowledge Discovery, vol. 3, no. 2, pp. 140-155.
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Cao, L 2012, 'Actionable knowledge discovery and delivery', WIREs Data Mining and Knowledge Discovery, vol. 2, no. 2, pp. 149-163.
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Cao, L, Ou, Y & Yu, PS 2012, 'Coupled Behavior Analysis with Applications', IEEE Transactions on Knowledge and Data Engineering, vol. 24, no. 8, pp. 1378-1392.
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Wang, C, Wang, M, She, Z & Cao, L 1970, 'CD: A Coupled Discretization Algorithm', Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), Pacific-Asia Conference on Knowledge Discovery and Data Mining, Springer Berlin Heidelberg, Kuala Lumpur, Malaysia, pp. 407-418.
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Longbing Cao, Huaifeng Zhang, Yanchang Zhao, Dan Luo & Chengqi Zhang 2011, 'Combined Mining: Discovering Informative Knowledge in Complex Data', IEEE Transactions on Systems, Man, and Cybernetics, Part B (Cybernetics), vol. 41, no. 3, pp. 699-712.
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Dong, X, Zheng, Z, Cao, L, Zhao, Y, Zhang, C, Li, J, Wei, W & Ou, Y 1970, 'e-NSP: efficient negative sequential pattern mining based on identified positive patterns without database rescanning.', CIKM, ACM International Conference on Information and Knowledge Management, ACM, Glasgow, Scotland, UK, pp. 825-830.
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Cao, L & Yu, P 2009, 'Behavior Informatics: An Informatics Perspective for Behavior Studies', IEEE Computational Intelligence Bulletin, vol. 10, no. 1, pp. 6-11.

Keywords: Data Mining, Pattern Analysis, Electronic Payment, Risk Management, Security,

FOR Codes: Information Retrieval and Web Search, Information Processing Services (incl. Data Entry and Capture), Pattern Recognition and Data Mining, Property Services (incl. Security), Business Information Systems, Application Tools and System Utilities, Data mining and knowledge discovery, Information systems, technologies and services not elsewhere classified