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ICTAI
1999
IEEE

Neural Data Mining for Credit Card Fraud Detection

11 years 6 months ago
Neural Data Mining for Credit Card Fraud Detection
The prevention of credit card fraud is an important application for prediction techniques. One major obstacle for using neural network training techniques is the high necessary diagnostic quality: Since only one financial transaction of a thousand is invalid no prediction success less than 99.9% is acceptable. Due to these credit card transaction proportions complete new concepts had to be developed and tested on real credit card data. This paper shows how advanced data mining techniques and neural network algorithm can be combined successfully to obtain a high fraud coverage combined with a low false alarm rate.
R. Brause, T. Langsdorf, Michael Hepp
Added 03 Aug 2010
Updated 03 Aug 2010
Type Conference
Year 1999
Where ICTAI
Authors R. Brause, T. Langsdorf, Michael Hepp
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