Business Question

Module 4: Assignment

Case Study Assignment 4.1: Visa is Enhancing the Customer Experience While Reducing Fraud With Predictive Analytics

has gathered some interesting facts on credit card fraud in 2020:

  • 46% of the worlds credit card fraud happens in the United States, out of which
    • 25.7% charges were made to an existing credit card
    • 21.4% were made using an existing checking or savings account
  • 15.9% of transactions were made using an existing debit account
  • 0.5% of transactions were made on an existing loan or line of credit
  • 18.5% of transactions were made using financial accounts such as PayPal
  • 65% of the time, credit card fraud results in a direct or indirect financial loss for the user
  • According to the , global card losses are expected to exceed $35 billion by 2020

This case study assignment examines the use of predictive analytics to address an ongoing dilemma of extending customer credit card services while attempting to mitigate costly fraudulent activities. Often the expansion of additional credit card services also potentially increases fraudulent claims. This case will reinforce the value of data mining techniques and their role in predictive analytics.

To complete this assignment, see page 194 in Business Intelligence, Analytics, and Data Science: A Managerial Perspective. In about one paragraph each, address the three questions associated with this case.

To successfully complete this assignment, view the

Case Study Assignments Rubric
Case Study Assignments Rubric
Criteria Ratings Pts
Completeness

10.35 pts

Exemplary (100%)

Thoroughly answers all the case assignment questions.

7.76 pts

Needs Improvement (75%)

Answers all the case assignment questions, but may lack in detail or clarity.

0 pts

Not Evident (0%)

Does not answer all the assigned questions.

/ 10.35 pts

Creativity and Innovation

10.35 pts

Exemplary (100%)

Demonstrates sophisticated knowledge of BI systems through the application of creative or innovative thinking in response

7.76 pts

Needs Improvement (75%)

Responses are somewhat creative or innovative.

0 pts

Not Evident (0%)

Responses are not creative or innovative.

/ 10.35 pts

Viability

10.35 pts

Exemplary (100%)

Responses are viable.

7.76 pts

Needs Improvement (75%)

Responses are somewhat viable.

0 pts

Not Evident (0%)

Responses are not viable.

/ 10.35 pts

KPIs

10.35 pts

Exemplary (100%)

Clearly identifies contributors of key performance management indicators that can help reach effective business decisions.

7.76 pts

Needs Improvement (75%)

Contributors of key performance management indicators that can help reach effective business decisions are unclear or inaccurate.

0 pts

Not Evident (0%)

Does not identify contributors of key performance management indicators that can help reach effective business decisions.

/ 10.35 pts

Mechanics

3.6 pts

Exemplary (100%)

No grammar or spelling errors that distract the reader from the content. All sources used are cited using APA Style, sixth ed.

2.7 pts

Needs Improvement (75%)

Minor errors in grammar or spelling that distract the reader from the content. All sources used are cited using APA Style, sixth ed.

0 pts

Not Evident (0%)

Major errors in grammar or spelling that distract the reader from the content and/or errors made in citing sources using APA Style, sixth ed.

/ 3.6 pts

Total Points: 0