5 Analysis and Comparison of Credit Card Fraud Detection Using Machine Learning

Saloni Minakhi Rout

School of Computer Engineering, KIIT Deemed to be University, Bhubaneswar, Odisha, India

DOI: 10.1201/9781003125129-5


5.1 Introduction

A credit card is a plastic card consisting of a thin rectangular slab including a magnetic strip which is issued by the financial institution to their customers. These cards are provided to the customers so that they can buy items without paying by cash or cheque. The financial institution pre-sets the limit of their cards before giving it to customers as per their monthly income, and fraud is defined as wrong ...

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