A Survey on Application of Data Mining Techniques; ItâÂÂs Proficiency In Fraud Detection of Credit Card

Data mining techniques is widely used to detect frauds because these techniques are most effective. This paper present a comprehensive survey of various papers in which different data mining techniques are used to detect fraud. Based on defined criteria of evaluation, we have done analysis, compare techniques and evaluate each methodology on the basis of performance, efficiency and accuracy. The paper assesses strong and weak points of techniques and draws a conclusion at the end.

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