Deep Representation Learning With Full Center Loss for Credit Card Fraud Detection

Abstract

Credit card fraud detection is an important study in the current era of mobile payment. Improving the performance of a fraud detection model and keeping its stability are very challenging because users’ payment behaviors and criminals’ fraud behaviors are often changing. In this article, we focus on obtaining deep feature representations of legal and fraud transactions from the aspect of the loss function of a deep neural network. Our purpose is to obtain better separability and discrimination of features so that it can improve the performance of our fraud detection model and keep its stability. We propose a new kind of loss function, full center loss (FCL), which considers both distances and angles among features and, thus, can comprehensively supervise the deep representation learning. We conduct lots of experiments on two big data sets of credit card transactions, one is private and another is public, to demonstrate the detection performance of our model by comparing FCL with other state-of-the-art loss functions. The results illustrate that FCL outperforms others. We also conduct experiments to show that FCL can ensure a more stable model than others.