Credit Card Fraud Detection Using Advanced Combination Heuristic and Bayes' Theorem

Provided by: The International Journal of Innovative Research in Computer and Communication Engineering
Topic: E-Commerce
Format: PDF
In today's increasingly electronic society and with the rapid advances of electronic commerce on the Internet, the use of credit card transactions have become the standard for Internet and Web-based e-commerce. In this paper, the authors present a credit card fraud detection model which takes into account present as well as the past behavior. The detection model comprises of card validation via Luhn's algorithm, two initial probability assignments based on address mismatch and spending pattern, an advanced combination heuristic, spending-pattern database and Bayes' theorem.

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