Machine Learning Advances in Payment Card Fraud Detection

Nick Ryman-Tubb (University of Surrey, Guilford, UK),Paul Krause (University of Surrey, Guilford, UK)

Machine Learning Advances in Payment Card Fraud Detection
Format
Paperback
Publisher
Elsevier Science Publishing Co Inc
Country
United States
Published
2 September 2019
Pages
350
ISBN
9780128134153

Machine Learning Advances in Payment Card Fraud Detection

Nick Ryman-Tubb (University of Surrey, Guilford, UK),Paul Krause (University of Surrey, Guilford, UK)

Machine Learning Advances in Payment Card Fraud Detection provides a thorough review of the state-of-the-art in fraud detection research that is ideal for graduate-level readers and professionals. Through a comprehensive examination of fraud analytics that covers data collection, steps for cleaning and processing data, tools for analysing data, and ways to draw insights, the book argues for a new direction to be taken in developing state-of the-art payment fraud detection techniques. It uses an extensive analysis and description of an exemplar fraud detection algorithm, SOAR, to illustrate how a detailed understanding of the payment fraud domain can be used to motivate further advances in fraud detection techniques. The book concludes with a discussion of opportunities for future research, such as developing holistic approaches for countering fraud.

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