A Review on Machine Learning Methods for Credit Card Fraud Classification
Dhruti H Bhatt, Arvind Meniya · 2022 Second International Conference on Artificial Intelligence and Smart Energy (ICAIS) · 2022
Since the liberalization of the Indian economy in 1991, the banking sector has expanded and transformed significantly. Despite the fact that the banking industry is generally well-regulated and overseen, it faces its own set of issues in terms of ethical behavior, financial crisis, and corporate governance. Credit card is also major factor in which different kinds of frauds occurred. In this review will discuss about types of credit card fraud and its classification based on different machine learning methods. Also gives the future direction for cash-out fraud detection method.