A Review of Payment Card Fraud Detection Methods Using Artificial Intelligence

In the light of the twenty first century, payment cards like credit and debit cards are absolute basics in the global economic transactions. As these payment methods are popularising, the information associated with these are being accessed by a lot more people than required increasing the risk of a possible deceit. This paper presents a comprehensive and systematic review of artificial intelligence and machine learning algorithms and techniques for payment card fraud detection. This paper reviews that can be incorporated in the system according to specific needs.

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