Article ID Journal Published Year Pages File Type
386105 Expert Systems with Applications 2010 7 Pages PDF
Abstract

In this paper we present the framework for a hybrid model for plastic card fraud detection systems. The proposed data-customised approach combines elements of supervised and unsupervised methodologies aiming to compensate for the individual deficiencies of the methods. We demonstrate the ability of the hybrid model to identify fraudulent activity on the real debit card transaction data. We also explore the model’s efficiency against that of the existing monitoring system of the collaborating bank, using appropriate performance assessment criteria.

Related Topics
Physical Sciences and Engineering Computer Science Artificial Intelligence
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