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Internet of Things and the Credit Card Market: How Companies Can Deal with the Exponential Increase of Transactions with Connected Devices and Can Also be Efficient to Prevent Frauds

Communication devices like cell phones, refrigerators, TVs, and others have been considered lately as some Internet of Things (IoT) components, mainly due to the embedded systems evolution and web connectivity. During the first semester of 2014, at the Brazilian Aeronautics Institute of Technology (...

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Main Authors: Lopes Ferreira, Guilherme Augusto, Goncalves, Gildarcio Sousa, Gomes Lamas Otero, Andre, Bertoze Lima, Glaydson Luiz, Tsoucamoto, Paulo Takachi, Louzada Villaca, Paulo Cesar, Stege Mialaret, Lineu Fernando, Da Cunha, Adilson Marques, Vieira Dias, Luiz Alberto
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creator Lopes Ferreira, Guilherme Augusto
Goncalves, Gildarcio Sousa
Gomes Lamas Otero, Andre
Bertoze Lima, Glaydson Luiz
Tsoucamoto, Paulo Takachi
Louzada Villaca, Paulo Cesar
Stege Mialaret, Lineu Fernando
Da Cunha, Adilson Marques
Vieira Dias, Luiz Alberto
description Communication devices like cell phones, refrigerators, TVs, and others have been considered lately as some Internet of Things (IoT) components, mainly due to the embedded systems evolution and web connectivity. During the first semester of 2014, at the Brazilian Aeronautics Institute of Technology (Instituto Tecnologico de Aeronautica -- ITA), a successful Interdisciplinary Problem Based Learning (IPBL) experience took place. At that time, almost 60 graduate students from three different courses (CE-229 Software Testing, CE-240 Database System Project, and CE-245 Information Technologies), within just 17 academic weeks, had the opportunity to conceptualize, model, and develop a system prototype to capture, store, and analyze credit card transactions. This system, named BDIT-C2 (Big Data, Internet of Things, and Credit Cards), has used an Application Programing Interface to enable communication devices to make purchases, allowing e-commerce through a web portal where fraud analysts could monitor all suspicious transactions.
doi_str_mv 10.1109/ITNG.2015.23
format conference_proceeding
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identifier EISBN: 1479988286
ispartof 2015 12th International Conference on Information Technology - New Generations, 2015, p.107-111
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source IEEE Electronic Library (IEL) Conference Proceedings
subjects Big data
Computer architecture
Credit cards
financial transactions
Internet of things
Internet of Things (IoT)
Portals
Servers
Simple object access protocol
title Internet of Things and the Credit Card Market: How Companies Can Deal with the Exponential Increase of Transactions with Connected Devices and Can Also be Efficient to Prevent Frauds
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