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A Survey of Fraud Detection Techniques for Credit Card Based Transaction ProcessingBy Vaibhav Lal, Siddharth Choubey
Abstract: The wide emergence of electronic-commerce has widened the extensive usage of credit card for online transactions. However, there is also a high rise in malicious transaction and fraudulent associated with the credit cards. In this study, we present several models and algorithm used in data mining for the detection of such malicious fraudulent or thefts. Such algorithm learns the transaction patterns and clusters the pattern of sequences usually involving with …
Published in Recent Trends in Parallel Computing · Vol. 2, Issue 1, 2015 · pp. 10–15 Read article →