APATE: A novel approach for automated credit card transaction fraud detection using network-based extensions

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APATE: A novel approach for automated credit card transaction fraud detection using network-based extensions

a Department of Decision Sciences and Information Management, KU Leuven, Naamsestraat 69, B-3000 Leuven, Belgium b Departamento de Ingeniería Industrial, Universidad de Talca, Curicó, Chile c Fraud Risk Management Analytics, Worldline, Brussels, Belgium d Department of Computer Science, Rutgers University, Piscataway, NJ, USA e Department of Computer Science, Stony Brook University, Stony Brook...

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Credit Card Fraud Detection Using Neural Network

The payment card industry has grown rapidly the last few years. Companies and institutions move parts of their business, or the entire business, towards online services providing e-commerce, information and communication services for the purpose of allowing their customers better efficiency and accessibility. Regardless of location, consumers can make the same purchases as they previously did "...

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Transaction-Level Behavior Based Credit Card Fraud Detection Mechanism

Now a day technology is increasing very rapidly, which can be used for good as well as for bad purposes. Ecommerce is part of all most every system where online transitions are performed through internet through which frauds can be easily done. Credit card system is most vulnerable for frauds. Hence it is very much essential to have fraud detecting system. Till date various approaches have been...

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Credit Card Transaction Fraud Detection by using Hidden Markov Model

this paper proposes a HMM (Hidden Markov Model) based fraud detection system for credit card fraud detection. The method works on the statistical behavior of user’s transactions. Since the original transactions are not available due to privacy policies of bank we used here synthetically generated data for a credit card user, and then HMM model is trained using different size of sample of genera...

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A Novel Machine Learning Approach to Credit Card Fraud Detection

The use of credit cards is of paramount importance in improving the economic strength of any nation, however, fraudulent activities associated with it is of great concern. When fraud occurs on credit cards, the negative impact is huge as the financial loss experienced cuts across all the parties involved. This paper provides a proactive measure at detecting fraudulent activities regarding the c...

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ژورنال

عنوان ژورنال: Decision Support Systems

سال: 2015

ISSN: 0167-9236

DOI: 10.1016/j.dss.2015.04.013