Hidden Markov Models Based Credit Card Fraud Detection.
Hidden Markov Models Based Credit Card Fraud Detection. 1. INTRODUCTION Online activities are well acknowledged to every citizen of the society with the eminent growth of e-commerce. Online activities mainly involve regular purchase of goods, electronic devices and other such things. The online transactions made for such activities are secure payment methods that authorize the transfer of funds. These transactions are supported by different bank cards which makes the operation easy. A huge population use credit card for its undemanding accessibility. The bank has accumulated a vast count of credit card transactions. Apart from its magnificent advantages they do face some of their pitfalls regarding the security. The illicit use of these credit cards is a major issue to ponder on. The credit card fraud can be done for various reasons, mainly to get unaccredited funds from the account. It is thus the responsibility of the bank to safeguard the amount transferred onli
