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review detail for credit card fraud detection
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credit card fraud detection
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first review for the credit card fraud detection project
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Credit card fraud detection
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Using data from a credit card issuer, a neural
network based fraud detection system was trained on a
large sample of labelled credit card account
transactions and tested on a holdout data set that
consisted of all account activity over a subseque
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s spreading all
over the world, resulting in huge financial losses. Though fraud
prevention mechanisms such as CHIP&PIN are developed, these
mechanisms do not prevent the most common fraud types such as
fraudulent credit card usages over virt
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