Fraud Prediction and Verification of Smart Credit Card using Machine Learning Techniques

Author(s)	Prajapnoor Baswaraj, Praveen Kumar, Dr. B. U. Anu Barathi
Country	India
Abstract	This study unveils a powerful method for smart credit card fraud detection and verification. This system integrates data preprocessing, feature engineering, and real-time prediction using a hybrid model that incorporates supervised machine learning algorithms, an encoder, and LSTM networks. A supervised LSTM network sorts transactions, while an unsupervised Autoencoder finds outliers. Assessment criteria strike a balance between recall and accuracy. Alerts are sent by the system upon detection of fraud, and it runs in real-time. Compliance, scalability, and constant monitoring are key points. To close the gap between ease and safety in contemporary monetary transactions, this project offers a state-of-the-art method for strengthening the security of smart credit cards.
Keywords	LSTM, AUTOENCODER, ANOMALY
Field	Engineering
Published In	Volume 6, Issue 2, March-April 2024
Published On	2024-03-25
Cite This	Fraud Prediction and Verification of Smart Credit Card using Machine Learning Techniques - Prajapnoor Baswaraj, Praveen Kumar, Dr. B. U. Anu Barathi - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.13541
DOI	https://doi.org/10.36948/ijfmr.2024.v06i02.13541
Short DOI	https://doi.org/gtn327

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