Smart credit card fraud detection approach using supervised machine learning techniques

Abstract

According to the trends the use of credit card for shopping and payment by people is increasing effectively. Receiving the details of the card and exchanging money is called extortion or we can say shakedown we can see more and more frequently. Safety measures and precautions are mainly desirable due to basic monitory in the various types of industries. In this research showing the detecting a fraud in credit card transaction with the use of Naïve Bayes, d-tree, and PBT – Power Boosting Tree Classifier. I am applying these algorithms for maintaining more accurate results and making the transactions effective.