WITHDRAWN: Majority vote ensemble classifier for accurate detection of credit card frauds

Sudha, C.; Akila, D.

doi:10.1016/j.matpr.2021.01.616

Cited by 8 publications

(1 citation statement)

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“…Customer behavior was studied to detect fraud. Other authors proposed a novel majority vote ensemble classifier [22] to detect fraudulent transactions. They used the Web Markov Skeleton Process (WMSP) model to classify user behaviors from data collected through a bank website to detect fraudulent transactions.…”

Section: Related Workmentioning

confidence: 99%

A Novel text2IMG Mechanism of Credit Card Fraud Detection: A Deep Learning Approach

et al. 2022

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Online sales and purchases are increasing daily, and they generally involve credit card transactions. This not only provides convenience to the end-user but also increases the frequency of online credit card fraud. In the recent years, in some countries, this fraud increase has led to an exponential increase in credit card fraud detection, which has become increasingly important to address this security issue. Recent studies have proposed machine learning (ML)-based solutions for detecting fraudulent credit card transactions, but their detection scores still need improvement due to the imbalance of classes in any given dataset. Few approaches have achieved exceptional results on different datasets. In this study, the Kaggle dataset was used to develop a deep learning (DL)-based approach to solve the text data problem. A novel text2IMG conversion technique is proposed that generates small images. The images are fed into a CNN architecture with class weights using the inverse frequency method to resolve the class imbalance issue. DL and ML approaches were applied to verify the robustness and validity of the proposed system. An accuracy of 99.87% was achieved by Coarse-KNN using deep features of the proposed CNN.

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Section: Related Workmentioning

confidence: 99%