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Credit card fraud detection (CCFD) is a critical application of Machine Learning (ML) in the financial sector, where accurately identifying fraudulent transactions is essential for mitigating financial losses. ML models have demonstrated…

Cryptography and Security · Computer Science 2025-08-21 Jan Lum Fok , Qingwen Zeng , Shiping Chen , Oscar Fawkes , Huaming Chen

Countless research works of deep neural networks (DNNs) in the task of credit card fraud detection have focused on improving the accuracy of point predictions and mitigating unwanted biases by building different network architectures or…

With the rapid development of digital services, a large volume of personally identifiable information (PII) is stored online and is subject to cyberattacks such as Identity fraud. Most recently, the use of Artificial Intelligence (AI)…

Artificial Intelligence · Computer Science 2025-01-17 Chuo Jun Zhang , Asif Q. Gill , Bo Liu , Memoona J. Anwar

As the availability of financial services online continues to grow, the incidence of fraud has surged correspondingly. Fraudsters continually seek new and innovative ways to circumvent the detection algorithms in place. Traditionally, fraud…

Machine Learning · Computer Science 2024-11-25 Prashank Kadam

Credit card fraud poses a significant threat to the economy. While Graph Neural Network (GNN)-based fraud detection methods perform well, they often overlook the causal effect of a node's local structure on predictions. This paper…

Machine Learning · Computer Science 2024-11-28 Yifan Duan , Guibin Zhang , Shilong Wang , Xiaojiang Peng , Wang Ziqi , Junyuan Mao , Hao Wu , Xinke Jiang , Kun Wang

Ensuring fairness in transaction fraud detection models is vital due to the potential harms and legal implications of biased decision-making. Despite extensive research on algorithmic fairness, there is a notable gap in the study of bias in…

Machine Learning · Computer Science 2024-09-09 Parameswaran Kamalaruban , Yulu Pi , Stuart Burrell , Eleanor Drage , Piotr Skalski , Jason Wong , David Sutton

Credit card fraud detection remains a critical challenge in financial security, with machine learning models like XGBoost(eXtreme gradient boosting) emerging as powerful tools for identifying fraudulent transactions. However, the inherent…

Machine Learning · Computer Science 2024-12-11 Siyaxolisa Kabane

Financial crimes like money laundering and terrorism financing can have significant impacts on society, including loss of trust in the integrity of the financial system, misuse and mismanagement of public funds, increase in societal…

Cryptography and Security · Computer Science 2026-02-17 Yang Li , Thilina Ranbaduge , Kee Siong Ng

Using machine learning models to generate synthetic data has become common in many fields. Technology to generate synthetic transactions that can be used to detect fraud is also growing fast. Generally, this synthetic data contains only…

Machine Learning · Computer Science 2023-06-30 Shuo Wang , Terrence Tricco , Xianta Jiang , Charles Robertson , John Hawkin

The application of machine learning to support the processing of large datasets holds promise in many industries, including financial services. However, practical issues for the full adoption of machine learning remain with the focus being…

Machine Learning · Computer Science 2021-05-14 Ismini Psychoula , Andreas Gutmann , Pradip Mainali , S. H. Lee , Paul Dunphy , Fabien A. P. Petitcolas

Mastercard, a global leader in financial services, develops and deploys machine learning models aimed at optimizing card usage and preventing attrition through advanced predictive models. These models use aggregated and anonymized card…

The expansion of digital payment systems has heightened both the scale and intricacy of online financial transactions, thereby increasing vulnerability to fraudulent activities. Detecting fraud effectively is complicated by the changing…

Machine Learning · Computer Science 2026-04-10 Ranya Batsyas , Ritesh Yaduwanshi

The use of mobile payment services is an essential contributor to financial inclusion in emerging markets. Unfortunately, the service has become a platform for fraud. Mobile payment users need to be digitally resilient to continue using the…

Computers and Society · Computer Science 2021-08-24 Muftawu Dzang Alhassan , Martin Butler

In order to understand the application of computer technology in financial investment, the author proposes a research on the application of computer technology in financial investment. The author used user transaction data from a certain…

Computational Engineering, Finance, and Science · Computer Science 2024-07-30 Xinye Sha

The automatic detection of frauds in banking transactions has been recently studied as a way to help the analysts finding fraudulent operations. Due to the availability of a human feedback, this task has been studied in the framework of…

Machine Learning · Computer Science 2020-04-24 Christelle Marfaing , Alexandre Garcia

The rapid digitalization of banking services has significantly transformed financial transactions, offering enhanced convenience and efficiency for consumers. However, the increasing reliance on digital banking has also exposed financial…

Cryptography and Security · Computer Science 2025-04-01 Md. Waliullah , Md Zahin Hossain George , Md Tarek Hasan , Md Khorshed Alam , Mosa Sumaiya Khatun Munira , Noor Alam Siddiqui

Fraud is a prevalent offence that extends beyond financial loss, causing psychological and physical harm to victims. The advancements in online communication technologies alowed for online fraud to thrive in this vast network, with…

Computation and Language · Computer Science 2025-04-17 Antonis Papasavva , Shane Johnson , Ed Lowther , Samantha Lundrigan , Enrico Mariconti , Anna Markovska , Nilufer Tuptuk

Social reviews have dominated the web and become a plausible source of product information. People and businesses use such information for decision-making. Businesses also make use of social information to spread fake information using a…

Machine Learning · Computer Science 2023-01-05 Saeedreza Shehnepoor , Roberto Togneri , Wei Liu , Mohammed Bennamoun

On electronic game platforms, different payment transactions have different levels of risk. Risk is generally higher for digital goods in e-commerce. However, it differs based on product and its popularity, the offer type (packaged game,…

Machine Learning · Computer Science 2017-09-21 Bokai Cao , Mia Mao , Siim Viidu , Philip S. Yu

Two elements have been essential to AI's recent boom: (1) deep neural nets and the theory and practice behind them; and (2) cloud computing with its abundant labeled data and large computing resources. Abundant labeled data is available for…

Databases · Computer Science 2019-10-09 Erik R. Altman
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