An Efficient Approach for Credit Card Fraud Detection


Authors : Rajeev Kumar, Rajesh Budihul

Volume/Issue : Volume 5 - 2020, Issue 4 - April

Google Scholar : http://bitly.ws/9nMw

Scribd : https://bit.ly/2Wk8EOn

Abstract : The objectives of this research paper, the topic of credit card fraud detection has gained and developed fraudsters are increasing day by day among researches because of their frequent look in varied and widespread application within the field of various branches of information technology and engineering. For example, genetic algorithms, Behavior-based techniques, and Hidden Marks models are also used to address these problems of technology. Credit card fraud detection models for transactions are tested individually and proceed to whatever is most effective. The aim of this thesis is to develop some method of detecting fraudulent transactions and producing test dataset. These algorithms are the predictive method in solving high complication computational problems.

Keywords : Fraud detection of credit card; Naive Bayes, KNearest Neighbors and Logistic Regression Classifier; Hidden Markov Model; K-means Clustering; GMDH; DST; Bayesian learning and Neural Network.

The objectives of this research paper, the topic of credit card fraud detection has gained and developed fraudsters are increasing day by day among researches because of their frequent look in varied and widespread application within the field of various branches of information technology and engineering. For example, genetic algorithms, Behavior-based techniques, and Hidden Marks models are also used to address these problems of technology. Credit card fraud detection models for transactions are tested individually and proceed to whatever is most effective. The aim of this thesis is to develop some method of detecting fraudulent transactions and producing test dataset. These algorithms are the predictive method in solving high complication computational problems.

Keywords : Fraud detection of credit card; Naive Bayes, KNearest Neighbors and Logistic Regression Classifier; Hidden Markov Model; K-means Clustering; GMDH; DST; Bayesian learning and Neural Network.

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