A Survey of Online Credit Card Fraud Detection using Data Mining Techniques |
Author(s): |
| Shrutiben Jayantibhai Patel , CGPIT, Bardoli; Palak V. Desai, CGPIT, Bardoli |
Keywords: |
| Credit Card, Fraud Detection, Hidden Markov Model, Genetic Algorithm, Hybrid Model Etc |
Abstract |
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Nowadays the use of credit card has increased, because the amount of online transaction is growing. With the day to day use of credit card for payment online as well as regular purchase, case of fraud associated with it is also rising. To reduce the huge financial loss caused by frauds, a number of modern techniques have been developed for fraud detection which is based on data mining, neural network, genetic algorithm etc. Here a survey of techniques for online credit card fraud detection using Hidden Markov Model, Genetic Algorithm and Hybrid Model, and comparison between them has been shown. |
Other Details |
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Paper ID: IJSRDV3I100669 Published in: Volume : 3, Issue : 10 Publication Date: 01/01/2016 Page(s): 1094-1096 |
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