Analysis of Credit Card Fraud detection using Machine Learning models on balanced and imbalanced datasets
Manoj Kumar, Reddy Mallidi, Yeshwanth Zagabathuni, Navanshu Khare, Yunus Saad, Sait, Dushyant Singh, Saubhagya Vardhan, Dr Agrawal, Devi Meenakshi, B Janani, B Gayatri, S, Indira, Priyanka Yadav, Pavan Wangade, Manish Thakur, Mohammed Fakih, Gayatri Hegde, Anuruddha Thennakoon, Chee Bhagyani, Sasitha Premadasa, Shalitha Mihiranga, Nuwan Kuruwitaarachchi, L Dinesh, K Talekar, Adhiya, Nonyelum Franscisca, Ogwueleka, Nutan Suman, Aihua Shen, Rencheng Tong, Yaochen Deng, Abhinav Srivastava, Amlan Kundu, Shamik Sural, Arun Majumdar, S, Benson Edwin, Raj, A, Annie Portia, Kuldeep Randhawa, Chu Loo, Manjeevan Seera, Chee, Peng Lim, Asoke Nandi, S Shaiesh, Dhok, M Kumar, V Soundarya, S Kavitha, E Keerthika, E Aswini, Yongbin Zhang, Fucheng You, Huaqun Liu, Debashree Devi, Saroj, Biswajit Biswas, Purkayastha, Temitayo Kosemani, Shaun Hafiz, Pavol Aghili, Zavarsky, Inderpreet Kaur, Mala Kalra, Vishal Vatsa, Shamik Sural, A Majumdar, Abdul Khadija, Mustafa Sattar, Hammad, J Pun, Lawryshyn, Chuang-Cheng Chiu, Chieh-Yuan Tsai, Xiangji Huang, Yan Huang, Miao Wen, Aijun An, Yang Liu, Josiah Poon, V Ruttala Sailusha, R Gnaneswar, G Ramesh, Rao, Naoufal Rtayli, Nourddine Enneya, Farhana Nur, Siti Hordri, Nurulhuda Sophiayati, Siti Firdaus, Mariyam, Omkar Dastane, Kinn Abass Bakon, Andrea Dal Pozzolo, Oliver Caelen, Reid Johnson
Abstract
With the advent of modern transaction technology, many are using online transactions to transfer money from one person to another. Credit Card Fraud, a rising problem in the financial department goes unnoticed most of the time. A lot of research is going on in this area.The Credit Card Fraud Detection project is developed to spot whether a new transaction is fraudulent or not with the knowledge of previousdata. We use various predictive models to ascertain how accurate they are in predicting whether a transaction is abnormalor regular. Techniques like Decision Tree, Logistic Regression, SVMand Naïve Bayes are the classification algorithms to detect non-fraud and fraud transactions.