CREDIT CARD FRAUD DETECTION USING MACHINE LEARNING

MADHURI SHIVAJI MEHER; Kalidas Wable; Priyanka Dirange; Indrajiet Kehmnar

CREDIT CARD FRAUD DETECTION USING MACHINE LEARNING

May 2023

Vol-9, Issue-3

Paper ID: 20333

ISSN: 2395-4396

Downloads: 0

Abstract & Details

Research Area

INFORMATION TECHNOLOGY ENGINEERING

Keywords

Machine Learning Transactions Regression Metrics Precision

Abstract

Credit card fraud is a major problem that affects the financial industry worldwide. Machine learning has become an effective tool for detecting fraudulent transactions in credit card transactions. This paper presents an overview of credit card fraud detection using machine learning techniques. The proposed approach involves collecting transaction data, preprocessing the data, engineering new features, selecting an appropriate machine learning algorithm, training and testing the model, and finally deploying the model for real-time fraud detection. We highlight the importance of data preprocessing and feature engineering in improving the performance of the model. Several machine learning algorithms are discussed, including logistic regression, decision trees, and neural networks. The performance of the model is evaluated using various metrics, such as precision, recall, and F1 score. The proposed approach provides a powerful tool for detecting credit card fraud in real-time, thus reducing financial losses for businesses and consumers alike

License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author Information

#	Name	Institute / Affiliation
1	MADHURI SHIVAJI MEHER	DHOLE PATIL COLLEGE OF ENGINEERING
2	Kalidas Wable	DHOLE PATIL COLLEGE OF ENGINEERING
3	Priyanka Dirange	DHOLE PATIL COLLEGE OF ENGINEERING
4	Indrajiet Kehmnar	DHOLE PATIL COLLEGE OF ENGINEERING

How to Cite

Use the following formats to cite this article in your research.

APA Style

MEHER, MADHURI SHIVAJI, Wable, Kalidas, Dirange, Priyanka, & Kehmnar, Indrajiet (2023). CREDIT CARD FRAUD DETECTION USING MACHINE LEARNING. International Journal of Advance Research and Innovative Ideas In Education, 9(3), 2286-2290.

MLA Style

MEHER, MADHURI SHIVAJI, et al. "CREDIT CARD FRAUD DETECTION USING MACHINE LEARNING." International Journal of Advance Research and Innovative Ideas In Education, vol. 9, no. 3, 2023, pp. 2286-2290.

IEEE Style

MADHURI SHIVAJI MEHER, Kalidas Wable, Priyanka Dirange, and Indrajiet Kehmnar, "CREDIT CARD FRAUD DETECTION USING MACHINE LEARNING," International Journal of Advance Research and Innovative Ideas In Education, vol. 9, no. 3, pp. 2286-2290, 2023.

Vancouver Style

MEHER MADHURI SHIVAJI, Wable Kalidas, Dirange Priyanka, Kehmnar Indrajiet. CREDIT CARD FRAUD DETECTION USING MACHINE LEARNING. International Journal of Advance Research and Innovative Ideas In Education. 2023;9(3):2286-2290.

Harvard Style

MEHER, MADHURI SHIVAJI, Wable, Kalidas, Dirange, Priyanka, & Kehmnar, Indrajiet (2023) 'CREDIT CARD FRAUD DETECTION USING MACHINE LEARNING', International Journal of Advance Research and Innovative Ideas In Education, 9(3), pp. 2286-2290.

Chicago Style

MEHER, MADHURI SHIVAJI, et al. "CREDIT CARD FRAUD DETECTION USING MACHINE LEARNING." International Journal of Advance Research and Innovative Ideas In Education 9, no. 3 (2023): 2286-2290.

Turabian Style

MEHER, MADHURI SHIVAJI, et al. "CREDIT CARD FRAUD DETECTION USING MACHINE LEARNING." International Journal of Advance Research and Innovative Ideas In Education 9, no. 3 (2023): 2286-2290.