A survey on credit card fraud detection

In recent years credit card became one of the essential part of the people. Instead of carrying huge amount in hand it is easier to keep credit card. But now a days that too becomes unsafe. One of the issues facing credit card fraud detection systems is that a significant percentage of transactions labelled as fraudulent are in fact legitimate. The main purpose of the paper is the survey on the various methods applied to detect the credit card frauds. From the abnormalities in the transaction the fraudulent one is identified.

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