A Survey on Credit Card Fraud Detection Using Machine Learning

Nowadays digitalization gaining popularity because of seamless, easy and convenience use of e-commerce. It became very rampant and easy mode of payment. People choose online payment and e-shopping; because of time convenience, transport convenience, etc. As the result of huge amount of e-commerce use, there is a vast increment in credit card fraud also. Fraudsters try to misuse the card and transparency of online payments. Thus to overcome with the fraudsters activity become very essential. The main aim is to secure credit card transactions; so people can use e-banking safely and easily. To detecting the credit card fraud there are various techniques which are based on Deep learning, Logistic Regression, Naive Bayesian, Support Vector Machine (SVM), Neural Network, Artificial Immune System, K Nearest Neighbor, Data Mining, Decision Tree, Fuzzy logic based System, Genetic Algorithm etc.