Application of Data Mining in Preventing Credit Card Fraud

By investigating historical data from customers of credit card in a commercial bank, this paper points out the possibility of use genetic algorithms in preventing credit card fraud and give support to bank in dealing with this kind of problem. We demonstrate through real case analysis that using the identification model of genetic algorithm generates ideal accuracy identification result. The results are very satisfactory; use method of genetic algorithm in preventing credit card fraud proved applicability and effectiveness. KeywordsGenetic Algorithms; credit card fraud; Data Mining; knowledge