CFP last date
20 May 2024
Reseach Article

Credit card Fraud Detection based on Machine Learning Algorithms

by Heta Naik, Prashasti Kanikar
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 182 - Number 44
Year of Publication: 2019
Authors: Heta Naik, Prashasti Kanikar
10.5120/ijca2019918521

Heta Naik, Prashasti Kanikar . Credit card Fraud Detection based on Machine Learning Algorithms. International Journal of Computer Applications. 182, 44 ( Mar 2019), 8-12. DOI=10.5120/ijca2019918521

@article{ 10.5120/ijca2019918521,
author = { Heta Naik, Prashasti Kanikar },
title = { Credit card Fraud Detection based on Machine Learning Algorithms },
journal = { International Journal of Computer Applications },
issue_date = { Mar 2019 },
volume = { 182 },
number = { 44 },
month = { Mar },
year = { 2019 },
issn = { 0975-8887 },
pages = { 8-12 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume182/number44/30443-2019918521/ },
doi = { 10.5120/ijca2019918521 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-07T01:14:13.590307+05:30
%A Heta Naik
%A Prashasti Kanikar
%T Credit card Fraud Detection based on Machine Learning Algorithms
%J International Journal of Computer Applications
%@ 0975-8887
%V 182
%N 44
%P 8-12
%D 2019
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Now a days online transactions have become an important and necessary part of our lives. As frequency of transactions is increasing, number of fraudulent transactions are also increasing rapidly. In order to reduce fraudulent transactions, machine learning algorithms like Naïve Bayes, Logistic regression, J48 and AdaBoost etc. are discussed in this paper. The same set of algorithms are implemented and tested using an online dataset. Through comparative analysis it can be concluded that Logistic regression and AdaBoost algorithms perform better in fraud detection.

References
  1. Heta Naik, “Credit card fraud detection for Online Banking transactions”, International Journal for Research in Applied Science & Engineering Technology, pp 4573-4577, 2018https://www.ijraset.com/fileserve.php?FID=16732
  2. You Dai, Jin Yan, Xiaoxin Tang, Han Zhao and Minyi Guo, "Online Credit CardFraud Detection: A Hybrid Framework with Big Data Technologies", IEEE TrustCom/BigDataSE/ISPA , pp 1644 -1651, 2016
  3. Suman Arora , "Selection of Optimal Credit Card Fraud Detection Models Using a Coefficient Sum Approach" , International Conference on Computing, Communication and Automation (ICCCA2017), pp 482 - 487, 2017
  4. Kosemani Temitayo Hafiz, Dr. Shaun Aghili and Dr. Pavol Zavarsky, “The Use of Predictive Analytics Technology to Detect Credit Card Fraud in Canada”,
  5. N.Malini and Dr.M.Pushpa , "Analysis on Credit Card Fraud Identification Techniques based on KNN and Outlier Detection" , 3rd International Conference on Advances in Electrical, Electronics, Information, Communication and Bio-Informatics (AEEEICB17) , 2017
  6. Anusorn Charleonnan , "Credit Card Fraud Detection Using RUS and MRN Algorithms" , The 2016 Management and Innovation Technology International Conference (MITiCON-2016) , pp 73 - 76, 2016
  7. John Richard D. Kho and Larry A. Vea, “Credit card Fraud detection based on transaction Behavior”, IEEE Region 10 Conference (TENCON), Malaysia, pp 1880 – 1884 , November 2017
  8. Fahimeh Ghobadi and Mohsen Rohani, "Cost Sensitive Modeling of Credit CardFraud Using Neural Network Strategy" , IEEE ICSPIS 2016, Dec 2016
  9. S Md. S Askari and Md. Anwar Hussain, "Credit Card Fraud Detection Using Fuzzy ID3" , International Conference on Computing, Communication and Automation (ICCCA2017 ), pp 446 - 452 , 2017
  10. Sarween Zaza and Mostafa Al-Emran, "Mining and Exploration of Credit Cards Data in UAE", Fifth International Conference on e-Learning , pp 275-79 , 2015
  11. Krishna Keerthi Chennam and Lakshmi Mudanna, “Privacy and Access Control for Security of Credit Card Records in the Cloud using Partial Shuffling”, IEEE International Conference on Computational Intelligence and Computing Research, 2016
  12. Rajeshwari U and Dr B Sathish Babu, “Real-time credit card fraud detection using Streaming Analytics”, 2nd International Conference on Applied and Theoretical Computing and Communication Technology (iCATccT), pp 439 – 444, 2016
  13. John O. Awoyemi, Adebayo O. Adetunmbi and Samuel A. Oluwadare, “Credit card fraud detection using Machine Learning Techniques: A Comparative Analysis”, IEEE , 2017
  14. Mukesh Kumar Mishra and Rajashree Dash, “A Comparative Study of Chebyshev Functional Link Artificial Neural Network, Multi-Layer Perceptron and Decision Tree for Credit Card Fraud Detection”, International Conference on Information Technology, pp 228 -233, 2014
  15. Pornwatthana Wongchinsri and Werasak Kuratach, “A Survey - Data Mining Frameworks in Credit Card Processing”, IEEE, 2016
  16. Yufeng Kou, .et. al. , “Survey of Fraud Detection Techniques”, International Conference on Networking, Sensing & Control, pp 749 – 754, 2004
  17. John O. Awoyemi, et.al., “Credit card fraud detection using Machine Learning Techniques: A Comparative Analysis” IEEE , 2017
  18. Shiyang Xuan, et.al., “Random Forest for Credit Card Fraud Detection”, IEEE – 2018
  19. Sahil Dhankhad, et.al., “Supervised Machine Learning Algorithms for Credit Card Fraudulent Transaction Detection: A Comparative Study” , IEEE International Conference on Information Reuse and Integration for Data Science, pp 122-125, 2018
  20. R. Brause, et.al., “Neural Data Mining for Credit Card Fraud Detection”
  21. Zahra Kazemi and Houman Zarrabi, “Using deep networks for fraud detection in the credit card transactions”, IEEE 4th International Conference on Knowledge-Based Engineering and Innovation (KBEI), pp 0630 – 0633, 2017
  22. Samaneh Sorournejad, et.al., “A Survey of Credit Card Fraud Detection Techniques: Data and Technique Oriented Perspective”, pp 1 - 26
  23. http://weka.8497.n7.nabble.com/file/n23121/credit_fruad.arff
Index Terms

Computer Science
Information Sciences

Keywords

Credit card Fraud detection Machine learning supervised learning Naïve Bayes Logistic regression J48 AdaBoost