Credit Card Fraud Detection using Machine Learning: A Systematic Literature Review

Abstract

Companies want to give more and more facilities to their customers. One of these facilities is the online mode of buying goods. The customers now can buy the required goods online but this is also an opportunity for criminals to do frauds. The criminals can theft the information of any cardholder and use it for online purchases until the cardholder contacts the bank to block the card. This paper shows the different algorithms of machine learning that are used for detecting this kind of transaction.