Application of Data Mining in Preventing Credit Card Fraud

By investigating historical data from customers of credit card in a commercial bank, this paper points out the possibility of use genetic algorithms in preventing credit card fraud and give support to bank in dealing with this kind of problem. We demonstrate through real case analysis that using the...

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Bibliographic Details
Published in2009 International Conference on Management and Service Science pp. 1 - 6
Main Authors Haiying Ma, Xin Li
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.09.2009
Subjects
Algorithm design and analysis
Business
Credit cards
Data engineering
Data mining
Design optimization
Engineering management
Genetic algorithms
Genetic engineering
Optimization methods
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Summary:By investigating historical data from customers of credit card in a commercial bank, this paper points out the possibility of use genetic algorithms in preventing credit card fraud and give support to bank in dealing with this kind of problem. We demonstrate through real case analysis that using the identification model of genetic algorithm generates ideal accuracy identification result. The results are very satisfactory; use method of genetic algorithm in preventing credit card fraud proved applicability and effectiveness.
ISBN:1424446384
9781424446384
DOI:10.1109/ICMSS.2009.5304330