Credit Card Fraud Detection Using Bagging and Boosting Algorithms

The term Credit Card Fraud indicates that the defrauder is using your credit card credentials or has stolen your credit card for his/her financial benefit. Research tells us that due to economic expansion in recent years, credit card spending has increased. This eventually leads to increase in fraudulent credit card transactions. In the last few years, this has been a predominant issue; it causes a huge loss to the companies and the cardholder. The paper talks about machine learning techniques such as Logistic Regression, Na?ve Bayes, Boosting Classifier and Bagging classifier to detect credit card frauds.