Detecting Credit Card Fraud using Machine Learning

Credit card is getting increasingly more famous in budgetary exchanges, simultaneously frauds are likewise expanding. Customary techniques use rule-based master frameworks to identify fraud practices, ignoring assorted circumstances, the outrageous lopsidedness of positive and negative examples. In this paper, we propose a CNN-based fraud detection system, to catch the natural examples of fraud practices gained from named information. Bountiful exchange information is spoken to by an element lattice, on which a convolutional neural organization is applied to recognize a bunch of idle examples for each example. Trials on true monstrous exchanges of a significant business bank show its boss presentation contrasted and some best-in-class strategies. The aim of this paper is to merge between Convolutional Neural Network (CNN), Long-Short Term Memory (LSTM), and Auto-encoder (AE) to increase credit card fraud detection and enhance the performance of the previous models. By using these four models; CNN, AE, LSTM, and AE&LSTM. each of these models is trained by different parameter values highest accuracy has been achieved where the AE model has accuracy =0.99, the CNN model has accuracy =0.85, the accuracy of the LSTM model is 0.85, and finally, the AE&LSTM model obtained an accuracy of 0.32 by 400 epoch. It is concluded that the AE classifies the best result between these models.