A Study on Credit Card Fraud Detection using Data Mining Techniques

Abstract

The credit card system is the process which is initiates the global economy to develop significantly. Credit card providers issued millions of credit cards to their customers. They don’t know whether the card holder is wrong customer, if card is issued to wrong customer that can be a very crucial factor of the financial crisis. This survey represents an organized analysis of data mining methods and its applications in credit card process. Our survey mainly focuses on data mining methods implemented especially in credit card process which helps to emphasis much larger parts. Hence, this survey must be very helpful for any credit card providers to select an appropriate solution for their problem as well as for researchers to have comprehensive of the review of literature in their area.