Security

An Ensemble Approach for Credit Card Fraud Detection

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Executive Summary

The most important moral issue in the credit card trade is fraud involvement. The main aspires are, primarily, to recognize the different types of credit card fraud, and, secondly, to evaluate unconventional techniques that have been used in fraud detection. The sub-aim is to present, compare and examine recently published discovering in credit card fraud detection. Credit card fraud detection has developed a number of techniques via bunch of investigate interest and, with special importance on, data mining and distributed data mining have been recommended. In the authors' existing research they proceeded with the Semi Hidden Markov Model (SHMM) where they got efficient result in credit card fraud detection.

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