Credit Card Fraud Detection Using Fuzzy Rough Nearest Neighbor and Sequential Minimal Optimization with Logistic Regression
Dublin Core
Title
Credit Card Fraud Detection Using Fuzzy Rough Nearest Neighbor and Sequential Minimal Optimization with Logistic Regression
Subject
Fraud detection Credit card Ensemble technique Stacking Machine learning
Description
The global online communication channel made possible with the internet has increased credit card fraud leading to huge loss of monetary fund in their billions annually for consumers and financial institutions. The fraudsters constantly devise new strategy to perpetrate illegal transactions. As such, innovative detection systems in combating fraud are imperative to curb these losses. This paper presents the combination of multiple classifiers through stacking ensemble technique for credit card fraud detection. The fuzzy-rough nearest neighbor (FRNN) and sequential minimal optimization (SMO) are employed as base classifiers. Their combined prediction becomes data input for the meta-classifier, which is logistic regression (LR) resulting in a final predictive outcome for improved detection. Simulation results compared with seven other algorithms affirms that ensemble model can adequately detect credit card fraud with detection rates of 84.90% and 76.30%.
Creator
Saleh Hussein, Ameer
Salah Khairy, Rihab
Mohamed Najeeb, Shaima Miqdad
Alrikabi, Haider Th.Salim
Source
International Journal of Interactive Mobile Technologies (iJIM); Vol. 15 No. 05 (2021); pp. 24-42
1865-7923
Publisher
International Association of Online Engineering (IAOE), Vienna, Austria
Date
2021-03-16
Rights
Copyright (c) 2021 Haider Th.Salim Alrikabi, Ameer Saleh Hussein, Rihab Salah Khairy
Relation
Format
application/pdf
Language
eng
Type
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
Identifier
Citation
Saleh Hussein, Ameer et al., Credit Card Fraud Detection Using Fuzzy Rough Nearest Neighbor and Sequential Minimal Optimization with Logistic Regression, International Association of Online Engineering (IAOE), Vienna, Austria, 2021, accessed November 5, 2024, https://igi.indrastra.com/items/show/1832