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Credit card fraud and detection techniques: a review

Delamaire, L, Abdou, HAH and Pointon, J 2009, 'Credit card fraud and detection techniques: a review' , Banks and Bank Systems, 4 (2) , pp. 57-68.

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    Abstract

    Fraud is one of the major ethical issues in the credit card industry. The main aims are, firstly, to identify the different types of credit card fraud, and, secondly, to review alternative techniques that have been used in fraud detection. The sub-aim is to present, compare and analyze recently published findings in credit card fraud detection. This article defines common terms in credit card fraud and highlights key statistics and figures in this field. Depending on the type of fraud faced by banks or credit card companies, various measures can be adopted and implemented. The proposals made in this paper are likely to have beneficial attributes in terms of cost savings and time efficiency. The significance of the application of the techniques reviewed here is in the minimization of credit card fraud. Yet there are still ethical issues when genuine credit card customers are misclassified as fraudulent.

    Item Type: Article
    Uncontrolled Keywords: credit card fraud, detection techniques, credit bureaux, data mining techniques
    Themes: Subjects / Themes > H Social Sciences > HG Finance
    Subjects outside of the University Themes
    Schools: Colleges and Schools > College of Business & Law > Salford Business School > Finance, Accounting and Economics
    Colleges and Schools > College of Business & Law
    Colleges and Schools > College of Business & Law > Salford Business School
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    Journal or Publication Title: Banks and Bank Systems
    Publisher: Business Perspectives
    Refereed: Yes
    ISSN: 1816-7403
    Depositing User: Dr. Hussein A. Abdou
    Date Deposited: 02 Dec 2009 09:38
    Last Modified: 20 Aug 2013 17:01
    URI: http://usir.salford.ac.uk/id/eprint/2595

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