A modeling approach for credit card fraud detection in electronic payment services
Gabriel Preti Santiago, Adriano C. M. Pereira, Roberto Hirata · 2015
There is an increase in the volume of electronic transactions in the Web in recent years, mainly due to the significant growth that has been observed in e-commerce. This scenario makes the frauds in electronic transactions a matter of high importance. This work proposes a comprehensive approach to address the problem of fraud in the emerging market of on-line payment services. We present a model for this problem, based on the history of the main entities involved in a transaction and we retrieve features to classify whether the transaction is a fraud or not. In order to validate our results, we use real data provided by a large Latin American on-line payment service company.