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This document outlines an agenda for discussing a credit card fraud detection system. It includes objectives, background, key insights, cost benefit analysis, recommendations, and an appendix. The document also provides a table of contents for the presentation, which covers introducing the problem of credit card fraud, the fraud detection process, machine learning and Python technologies used, the modules of the system, the credit card fraud detection dataset, a data flow diagram, the progress and advantages of the application, system requirements, conclusions, and references.

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Chinmay Agrawal
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348 views12 pages

1

This document outlines an agenda for discussing a credit card fraud detection system. It includes objectives, background, key insights, cost benefit analysis, recommendations, and an appendix. The document also provides a table of contents for the presentation, which covers introducing the problem of credit card fraud, the fraud detection process, machine learning and Python technologies used, the modules of the system, the credit card fraud detection dataset, a data flow diagram, the progress and advantages of the application, system requirements, conclusions, and references.

Uploaded by

Chinmay Agrawal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Agenda

---------------------------------
 Objective
 Background
 Key Insights
 Cost Benefit Analysis
 Recommendations
 Appendix
 Data attributes
 Data Imbalance Handling
 Models
 eferences
Table Of Contents
1.Abstract
2.Introduction
3.Problem Statement
3.1 Fraud Detection
3.2Fraud Detection Process
4.Technologies Used
4.1 Machine Learning
4.2 Python
5.Modules
6.Dataset for Credit Card Fraud Detection
7.Data Flow Diagram
8.Progress of Application
9.Advantage
10. System Requirements
11. Conclusion and Future Scope
12. References
Abstract
 Due to cashless Transaction every people use ATM card
and credit card for transaction, so fraud can also be
increase.

 Billions of dollars of loss are caused every year by


fraudulent credit card transactions. The design of efficient
fraud detection algorithms is key for reducing these losses,
and more and more algorithms rely on advanced machine
learning techniques to assist fraud investigators.
Introduction
 The online shopping growing day to day. Credit cards are
used for purchasing goods and services with the help of
virtual card and physical card where as virtual card for online
transaction and
physical card for offline transaction.

 In a physical-card based purchase, the cardholder presents


his card physically to a merchant for making a payment. If
the cardholder does not realize the loss of card, it can lead
to a substantial financial loss to the credit card company. In
online payment mode, attackers need only little information
for doing fraudulent transaction (secure code, card number,
expiration date etc.).
Fraud Detection
 Fraud detection is a topic which is applicable to many
industries
including banking and financial sectors, insurances ,
government
agencies ,and low enforcement and more. Through the use of
sophisticated use of data mining tools ,millions of transaction
can
be searched to spot patterns and detect fraudulent transaction.

 Fraud detection is process of identifying fraud rent


transaction.

 Credit card fraud detection technic used to recognize


fraudulent
credit card transactions so that customers are not charged for
items that they did not purchases.
MODULES
Module 1: Frame the problem

Module 2: Collect the raw data

Module: 3 Import the Libraries

• Pandas, numpy, sklearn etc.

Module 3: Process the data for analysis.

• Perform the logistic regression on data

• Explore the data.

Module 5: Perform in-depth analysis.

Module 6: Communicate results of the analysis.


Conclusion and Future Scope
 Fraud Detection system have become essential for banks
and financial institution ,to minimize their losses.

 However, there is a lack of published literature on credit


card fraud detection techniques , due to the unavailable
credit card transaction dataset for researches.

 We designed a system to detect fraud in credit card


transaction . This system is capable of providing most of the
essential features required to detect fraudulent and
legitimate transactions.

 The dataset available on day to day processing may become


outdated, it is necessary to have updated data for effective
fraud
Recommendations
 We recommend adoption of XG Boost model with ADASYN
data generation technique as the
data is highly imbalanced.

 The model may change if in future the support cost for each
transaction increases, as avoiding a single fraudulent
transaction is averagely saving $542.95 whereas 1
transaction support cost is $1.5.

 It is recommended to use model that can detect maximum


fraudulent transaction whereas False Positive cases which
are like not fraudulent but model predicted as fraudulent
should be ok as the cost is less. But this may increase
customer dissatisfaction as well, for having frequent
validations.

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