Improving Credit Card Fraud Detection using a Meta-Classification Strategy
نویسندگان
چکیده
منابع مشابه
Improving Credit Card Fraud Detection using a Meta-Classification Strategy
One of the issues facing credit card fraud detection systems is that a significant percentage of transactions labeled as fraudulent are in fact legitimate. These "false alarms" delay the detection of fraudulent transactions and can cause unnecessary concerns for customers. In this study, over 1 million unique credit card transactions from 11 months of data from a large Canadian bank w...
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Due to today’s advancement in technology and businesses, fraud detection has become a critical component of financial transactions. Considering vast amounts of data in large datasets, it becomes more difficult to detect fraud transactions manually. In this research, we propose a combined method using both data mining and statistical tasks, utilizing feature selection, resampling and cost-...
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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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Previous analysis has shown that applying Bayes minimum risk to detect credit card fraud leads to better results measured by monetary savings, compared with traditional methodologies. Nevertheless, this approach requires good probability estimates that not only separates well between positive and negative examples, but also assesses the real probability of the event. Unfortunately not all class...
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Due to the rise of technology, the possibility of fraud in different areas such as banking has been increased. Credit card fraud is a crucial problem in banking and its danger is over increasing. This paper proposes an advanced data mining method, considering both feature selection and decision cost for accuracy enhancement of credit card fraud detection. After selecting the best and most effec...
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ژورنال
عنوان ژورنال: International Journal of Computer Applications
سال: 2012
ISSN: 0975-8887
DOI: 10.5120/8930-3007