Real Time Credit Card Fraud Detection

Abstract

The most common electronic payment method is a credit card, which is more susceptible to fraud due to the volume of daily electronic transactions that are taking place. Card fraud has cost credit card firms a lot of money. At the moment, the most frequent problem is the detection of creditcard fraud. Companies that issue credit cards are searching for the best systems and technology to reduce and detect credit card fraud. This study has surveyed, highlighted, and compared a number of approaches for recognizing credit cardfraud, weighing each method's benefits and drawbacks.