E-resources
Peer reviewed
-
Zhang, Xinwei; Han, Yaoci; Xu, Wei; Wang, Qili
Information sciences, 20/May , Volume: 557Journal Article
Credit card transaction fraud costs billions of dollars to card issuers every year. A well-developed fraud detection system with a state-of-the-art fraud detection model is regarded as essential to reducing fraud losses. The main contribution of our work is the development of a fraud detection system that employs a deep learning architecture together with an advanced feature engineering process based on homogeneity-oriented behavior analysis (HOBA). Based on a real-life dataset from one of the largest commercial banks in China, we conduct a comparative study to assess the effectiveness of the proposed framework. The experimental results illustrate that our proposed methodology is an effective and feasible mechanism for credit card fraud detection. From a practical perspective, our proposed method can identify relatively more fraudulent transactions than the benchmark methods under an acceptable false positive rate. The managerial implication of our work is that credit card issuers can apply the proposed methodology to efficiently identify fraudulent transactions to protect customers’ interests and reduce fraud losses and regulatory costs.
Shelf entry
Permalink
- URL:
Impact factor
Access to the JCR database is permitted only to users from Slovenia. Your current IP address is not on the list of IP addresses with access permission, and authentication with the relevant AAI accout is required.
Year | Impact factor | Edition | Category | Classification | ||||
---|---|---|---|---|---|---|---|---|
JCR | SNIP | JCR | SNIP | JCR | SNIP | JCR | SNIP |
Select the library membership card:
If the library membership card is not in the list,
add a new one.
DRS, in which the journal is indexed
Database name | Field | Year |
---|
Links to authors' personal bibliographies | Links to information on researchers in the SICRIS system |
---|
Source: Personal bibliographies
and: SICRIS
The material is available in full text. If you wish to order the material anyway, click the Continue button.