Credit Card Fraud Detection using Big Data Technologies

Abstract

The use of credit cards is prevalent in modern day society. But it is obvious that the number of credit card fraud cases is constantly increasing in spite of the chip cards worldwide integration and existing protection systems. This is why the problem of fraud detection is very important now. Credit card fraud detection is the most frequently occurring problem in the present world. This is due to the rise in both online transactions and e-commerce platforms. Credit card fraud generally happens when the card was stolen for any of the unauthorized purposes or even when the fraudster uses the credit card information for his use. In the present world, we are facing a lot of credit card problems. To detect the fraudulent activities the credit card fraud detection system was introduced. This project aims to focus mainly on validating various Business Rules to Identify whether the transaction happened is Fraud/Genuine and report the same accordingly.