AN EFFICIENT CREDIT CARD FRAUD DETECTION TECHNIQUE USING GENETIC ALGORITHM

Due to increasing use of internet for the past several years there has been seen a drastic increase in electronic business. Without any face to face interaction electronic-business is carried out. Many Electronic Payment system or modes are developed such as credit cards, debit card. This has resulted in Electronic-Frauds. And day-by-day electronic frauds are increasing rapidly, which causes capital loss to organizations as well as customers who uses credit cards and debit cards. This gave an urge to develop credit card fraud detection system. In this paper our goal is to reduce fraud effectively hence genetic algorithm is preferred. Based on number of iteration of user behaviour Genetic algorithm classifies the transaction as either Fraud or either authorized