Benefits of SVM and Deep Learning in credit card fraud detection – A Survey

Conference: International Conference on Signal, Image Processing Communication and Automation
Author(s): Sangeetha K N, Veenadevi, Usha B A Year: 2017
Grenze ID: 02.ICSIPCA.2017.1.37 Page: 233-237

Abstract

Credit card frauds in the USA have grown at double rates in the recent years. Banks have been extra careful in increasing the credit of the customers, but in spite of the extra care taken by the banks, fraudsters have managed to run away with billions of dollars of cash in recent times. Banks have recently looked into deploying technology, in order to combat the menace. One of the hot topics in the recent times has been machine learning and data mining. Machine learning and data analytics is been deployed in various fields because of its convenience and extra-ordinary accuracy. In this paper, comparison of SVM and deep learning in dealing with the credit card fraud detection problem faced has been proposed.

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ICSIPCA - 2017