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Credit card frauds are at an ever-increasing rate and have become a major problem in the financial sector. Because of these frauds, card users are hesitant in making purchases and both the merchants and financial institutions bear heavy…

Machine Learning · Computer Science 2020-12-08 Thanh Thi Nguyen , Hammad Tahir , Mohamed Abdelrazek , Ali Babar

In today's world, banks use artificial intelligence to optimize diverse business processes, aiming to improve customer experience. Most of the customer-related tasks can be categorized into two groups: 1) local ones, which focus on a…

Short texts are omnipresent in real-time news, social network commentaries, etc. Traditional text representation methods have been successfully applied to self-contained documents of medium size. However, information in short texts is often…

Credit card fraud causes significant financial losses and frequently occurs as fraud attack, defined as short-term sequence of fraudulent transactions associated with high transaction rates and amounts, business areas historically tied to…

Optimization and Control · Mathematics 2025-03-27 Alexander Stotsky

With the proliferation of various online and mobile payment systems, credit card fraud has emerged as a significant threat to financial security. This study focuses on innovative applications of the latest Transformer models for more robust…

Machine Learning · Computer Science 2024-11-13 Chang Yu , Yongshun Xu , Jin Cao , Ye Zhang , Yinxin Jin , Mengran Zhu

Machine learning and data mining techniques have been used extensively in order to detect credit card frauds. However purchase behaviour and fraudster strategies may change over time. This phenomenon is named dataset shift or concept drift…

Fraud detection systems (FDS) mainly perform two tasks: (i) real-time detection while the payment is being processed and (ii) posterior detection to block the card retrospectively and avoid further frauds. Since human verification is often…

Machine Learning · Computer Science 2022-04-12 Van Bach Nguyen , Kanishka Ghosh Dastidar , Michael Granitzer , Wissam Siblini

Credit card plays a very important rule in today's economy. It becomes an unavoidable part of household, business and global activities. Although using credit cards provides enormous benefits when used carefully and responsibly,significant…

Cryptography and Security · Computer Science 2016-11-22 SamanehSorournejad , Zahra Zojaji , Reza Ebrahimi Atani , Amir Hassan Monadjemi

Online e-commerce platforms have been extending in-store shopping, which allows users to keep the canonical online browsing and checkout experience while exploring in-store shopping. However, the growing transition between online and…

Credit card fraud incurs a considerable cost for both cardholders and issuing banks. Contemporary methods apply machine learning-based classifiers to detect fraudulent behavior from labeled transaction records. But labeled data are usually…

Machine Learning · Computer Science 2024-12-25 Sheng Xiang , Mingzhi Zhu , Dawei Cheng , Enxia Li , Ruihui Zhao , Yi Ouyang , Ling Chen , Yefeng Zheng

For the highly imbalanced credit card fraud detection problem, most existing methods either use data augmentation methods or conventional machine learning models, while neural network-based anomaly detection approaches are lacking.…

Machine Learning · Computer Science 2022-06-30 Tungyu Wu , Youting Wang

Most eCommerce applications, like web-shops have millions of products. In this context, the identification of similar products is a common sub-task, which can be utilized in the implementation of recommendation systems, product search…

Machine Learning · Computer Science 2021-04-06 Febin Sebastian Elayanithottathil , Janis Keuper

Timeliness and contextual accuracy of recommendations are increasingly important when delivering contemporary digital marketing experiences. Conventional recommender systems (RS) suggest relevant but time-invariant items to users by…

Information Retrieval · Computer Science 2023-07-07 Xin Chen , Alex Reibman , Sanjay Arora

Online inclusive financial services encounter significant financial risks due to their expansive user base and low default costs. By real-world practice, we reveal that utilizing longer-term user payment behaviors can enhance models'…

Computers and Society · Computer Science 2024-11-25 Yiran Qiao , Yateng Tang , Xiang Ao , Qi Yuan , Ziming Liu , Chen Shen , Xuehao Zheng

Card transaction fraud is a growing problem affecting card holders worldwide. Financial institutions increasingly rely upon data-driven methods for developing fraud detection systems, which are able to automatically detect and block…

Applications · Statistics 2020-05-07 Sebastiaan Höppner , Bart Baesens , Wouter Verbeke , Tim Verdonck

Recently, digital payment systems have significantly changed people's lifestyles. New challenges have surfaced in monitoring and guaranteeing the integrity of payment processing systems. One important task is to predict the future…

Statistical Finance · Quantitative Finance 2020-08-05 Zhongfang Zhuang , Chin-Chia Michael Yeh , Liang Wang , Wei Zhang , Junpeng Wang

Financial transactions can be considered edges in a heterogeneous graph between entities sending money and entities receiving money. For financial institutions, such a graph is likely large (with millions or billions of edges) while also…

Machine Learning · Computer Science 2019-07-18 C. Bayan Bruss , Anish Khazane , Jonathan Rider , Richard Serpe , Antonia Gogoglou , Keegan E. Hines

Financial inclusion ensures that individuals have access to financial products and services that meet their needs. As a key contributing factor to economic growth and investment opportunity, financial inclusion increases consumer spending…

Machine Learning · Computer Science 2024-02-20 Tristan Bester , Benjamin Rosman

Organizing and managing cryptocurrency portfolios and decision-making on transactions is crucial in this market. Optimal selection of assets is one of the main challenges that requires accurate prediction of the price of cryptocurrencies.…

Machine Learning · Computer Science 2024-12-20 Arash Peik , Mohammad Ali Zare Chahooki , Amin Milani Fard , Mehdi Agha Sarram

The credit cards' fraud transactions detection is the important problem in machine learning field. To detect the credit cards's fraud transactions help reduce the significant loss of the credit cards' holders and the banks. To detect the…

Machine Learning · Statistics 2019-09-02 Loc Tran , Tuan Tran , Linh Tran , An Mai