International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 6 November-December 2024 Submit your research before last 3 days of December to publish your research paper in the issue of November-December.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 6 Issue 6
November-December 2024

Submit your research paper

Indexing Partners
Academia Advanced Sciences Index Bielefeld Academic Search Engine CiteSeer DRJI Google Scholar Independent Search Engine & Directory Network ISI (International Scientific Indexing) Issuu Mendeley Research Networks
RefSeek ResearcherId - Thomson Reuters ResearchGate Scirus Scribd Semantic Scholar UTeM - Universiti Teknikal Malaysia Melaka Wiki for Call for Papers WorldCat Zenodo

Credit Card Fraud Detection Using Machine Learning

Author(s) Jitendra Kumar, Pankaj Kumar Goswami
Country India
Abstract Unprecedented advancement of e-commerce soars the frequency of online and offline financial transactions of Credit Card as a popular means of payment for public. With the tremendous frequency of transactions per minute worldwide, the multi-fold risk of fraudulent transaction has increased significantly for both the parties either user or issuer.
This paper presents the comprehensive survey on multiple machine learning approaches to credit card fraud detection (CCFD). The existing approaches are eliciting good responses in terms of accuracy but the precocious Deep Learning algorithm (here, Convolutional Neural Network) was deployed in the anticipation of better accuracy.
In this paper, comparative analysis has been carried out among various Machine Learning algorithms. Analytical parameters such as counts of layers, epochs & models have been employed. Outlandish outcome found for various machine learning classifier algorithms such as Random Forest, Support Vector Machine, K-Nearest Neighbor, Gaussian Naïve Bayes, Decision Tree, Logistic Regression, moreover, the dataset was fed to Convolutional Neural Network (CNN). The performance metrics for aforesaid classifiers in accordance with standard criteria was recorded. The best outcome was found with Random Forest Classifier depicting F1-score as 85.71%, Precision as 97.40%, and Accuracy as 99.96%.
Keywords Machine Learning, Credit Card Fraud Detection, ML Algorithms
Field Computer > Artificial Intelligence / Simulation / Virtual Reality
Published In Volume 6, Issue 2, March-April 2024
Published On 2024-04-30
Cite This Credit Card Fraud Detection Using Machine Learning - Jitendra Kumar, Pankaj Kumar Goswami - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.19237
DOI https://doi.org/10.36948/ijfmr.2024.v06i02.19237
Short DOI https://doi.org/gts4pq
View / Download PDF File

Share this



E-ISSN 2582-2160
CrossRef

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads
Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 6 Isu 6Cover Page Vol 6 Isu 5Cover Page Vol 6 Isu 4

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA Open Access

About IJFMR
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics
Peer Review & Plagiarism 		Join as a Reviewer
Editors & Reviewers
Reviewer Referral Program
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9898-5948-55 editor@ijfmr.com