Paper Title :Comparative Study on Credit Card Fraud Detection

Author :Ravishankar Yadav, Ambuj Kesarwani

Article Citation :Ravishankar Yadav ,Ambuj Kesarwani , (2021 ) " Comparative Study on Credit Card Fraud Detection " , International Journal of Advance Computational Engineering and Networking (IJACEN) , pp. 7-11, Volume-9,Issue-8

Abstract : Credit card fraud has become one of the growing problems. The Credit Card Fraud stands as major problem for worldwide financial institutions. It's crucial that credit card companies can classify fraudulent activities so that consumers don't have to pay for items they didn't agree to. With the making number of clients, credit card fakes are in addition reaching out at a comparative rate. The charge card data of a specific individual can be theft unlawfully and can be utilized unfairly.The credit card information of a particular individual can be robbery unlawfully and can be used wrongfully.. In this paper we have discussed different extortion location models which check if another transaction is fraudulent. Machine learning is widely regarded as one of the most effective methods for detecting fraud. Developing effective fraud prevention methodologies is critical that’s why more and more advanced machine learning techniques are used to reduce these disadvantages and assist fraud investigators. However there are number of challenges appear to tackle this problem, such as lack of publicly available data due to confidentiality reason,imbalanced class sizes,variant fraudulent behavior. To reduce imbalanced class sizes, we use smote sampling technique.In this work a comparison of five supervised machine learning algorithms :logistic regression, naive bayes, KNN ,Random Forest, Decision Tree to separate among certified and fraudulent transactions execution of the algorithms is assessed dependent on ordinarily acknowledged metric for example accuracy, precision and sensitivity. Keywords - Credit Card, Credit Card Fraud, Credit card, Machine Learning, Supervised, SMOTE

Type : Research paper

Published : Volume-9,Issue-8

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