Fraud prediction for credit card using classification method

  • Authors

    • Er Monika Chandigarh University
    • Er Amarpreet Kaur Chandigarh University
    2018-06-23
    https://doi.org/10.14419/ijet.v7i3.12577
  • Classification Approaches, Conventional Neural Network, Data Mining, Fraud detection, Naïve Bayes.

  • Abstract

    With the improvement of innovation like credit cards, debit cards, mobile banking, Internet managing an account is the mainstream medium to exchange the cash starting with one record then onto the next. Credit card is picking up fame day by day which expands the online exchange with the expansion in online shopping, online charge payment, insurance premium and different charges so the extortion cases identified with this are likewise expanding and it puts an extraordinary anxiety on the economy, affecting the two clients and budgetary bodies. It costs cash as well as an awesome measure of time to reestablish the damage done. In this paper, we look whether data mining procedures are valuable to estimate and categorize the client's credit risk score (normal/fraud) to beat the future dangers. The reason for existing is to keep the clients from online exchange by utilizing particular Data mining classification methods. The fakes are ascertained by Naïve Bayes method way to deal with break down the exchange is actual or fake. The exploratory outcome demonstrates that our model has great classification accuracy, recall and precision.

     

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  • How to Cite

    Monika, E., & Amarpreet Kaur, E. (2018). Fraud prediction for credit card using classification method. International Journal of Engineering & Technology, 7(3), 1083-1086. https://doi.org/10.14419/ijet.v7i3.12577

    Received date: 2018-05-07

    Accepted date: 2018-05-14

    Published date: 2018-06-23