An Outlier Detection Approach on Credit Card Fraud Detection Using Machine Learning: A Comparative Analysis on Supervised and Unsupervised Learning

Author(s):  
P. Caroline Cynthia ◽  
S. Thomas George
2021 ◽  
Author(s):  
Vikas Thammanna Gowda

In the present monetary situation, credit card use has gotten normal. These cards allow the user to make payments online and even in person. Online payments are very convenient, but it comes with its own risk of fraud. With the expanding number of credit card users, frauds are also expanding at the same rate. Some machine learning algorithms can be applied to tackle this problem. In this paper an evaluation of supervised and unsupervised machine learning algorithms has been presented for credit card fraud detection.


Author(s):  
G Yagnadatta ◽  
Nitesh N ◽  
Mohit S ◽  
Padmini M S

Credit card fraud detection is one of the prominent problem in today's world. It is due to the extensive rise in both online and e-commerce transactions. The fraud happens when the users’ accessible card gets stolen from any unauthorized source or the use of credit card for fraudulent purposes. The present scenario is facing this kind of problem. So to detect the unethical activity, the credit card detection system was introduced. The main aim of this research is to focus on machine learning methods. So the algorithms used are unsupervised learning algorithms.


Author(s):  
Shashank Singh and Meenu Garg

It is essential that Visa organizations can distinguish false Mastercard exchanges so clients are not charged for things that they didn't buy. Such issues can be handled with Data Science and its significance, alongside Machine Learning, couldn't be more important. This undertaking expects to outline the demonstrating of an informational collection utilizing AI with Credit Card Fraud Detection. The Credit Card Fraud Detection Problem incorporates demonstrating past Visa exchanges with the information of the ones that ended up being extortion. This model is then used to perceive if another exchange is fake. Our target here is to identify 100% of the fake exchanges while limiting the off base misrepresentation arrangements. Charge card Fraud Detection is an average example of arrangement. In this cycle, we have zeroed in on examining and pre- preparing informational indexes just as the sending of numerous irregularity discovery calculations, for example, Local Outlier Factor and Isolation Forest calculation on the PCA changed Credit Card Transaction


Author(s):  
Yuxin Gao ◽  
Shuoming Zhang ◽  
Jiapeng Lu ◽  
Yuxin Gao ◽  
Shuoming Zhang ◽  
...  

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