Machine learning model for credit card fraud detection : a comparative analysis
Joint Authors
Sharma, Pratyush
Sharma, Pratyush
Tiwari, Devyanshi
Patni, Jagdish Chandra
Source
The International Arab Journal of Information Technology
Issue
Vol. 18, Issue 6 (30 Nov. 2021), pp.789-796, 8 p.
Publisher
Zarqa University Deanship of Scientific Research
Publication Date
2021-11-30
Country of Publication
Jordan
No. of Pages
8
Main Subjects
Information Technology and Computer Science
Abstract EN
In today's world, we are on an express train to a cashless society which has led to a tremendous escalation in the use of credit card transactions.
But the flipside of this is that fraudulent activities are on the increase; therefore, implementation of a methodical fraud detection system is indispensable to cardholders as well as the card-issuing banks.
In this paper, we are going to use different machine learning algorithms like random forest, logistic regression, Support Vector Machine (SVM), and Neural Networks to train a machine learning model based on the given dataset and create a comparative study on the accuracy and different measures of the models being achieved using each of these algorithms.
Using the comparative analysis on the F_1 score, we will be able to predict which algorithm is best suited to serve our purpose for the same.
Our study concluded that Artificial Neural Network (ANN) performed best with an F_1 score of 0.91.
American Psychological Association (APA)
Sharma, Pratyush& Sharma, Pratyush& Tiwari, Devyanshi& Patni, Jagdish Chandra. 2021. Machine learning model for credit card fraud detection : a comparative analysis. The International Arab Journal of Information Technology،Vol. 18, no. 6, pp.789-796.
https://search.emarefa.net/detail/BIM-1430940
Modern Language Association (MLA)
Sharma, Pratyush…[et al.]. Machine learning model for credit card fraud detection : a comparative analysis. The International Arab Journal of Information Technology Vol. 18, no. 6 (Nov. 2021), pp.789-796.
https://search.emarefa.net/detail/BIM-1430940
American Medical Association (AMA)
Sharma, Pratyush& Sharma, Pratyush& Tiwari, Devyanshi& Patni, Jagdish Chandra. Machine learning model for credit card fraud detection : a comparative analysis. The International Arab Journal of Information Technology. 2021. Vol. 18, no. 6, pp.789-796.
https://search.emarefa.net/detail/BIM-1430940
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 795-796
Record ID
BIM-1430940