The Credit Card Transaction Fraud Detection Using Web Mining Technique

B Sharmila
2018 International Journal of Multi-Disciplinary Research   unpublished
Credit card hackers looking for new ways to drain money from consumers' bank accounts and evade increased bank security measures have discovered a clever side door-the Starbucks mobile payment app and gift cards. Criminals are hijacking consumers' coffee accounts, draining the stored value of their cards, and then using Starbucks' auto-reload function to hack consumers' associated debit and credit cards. Credit card hackers are targeting third-party firms that create alternative payment systems
more » ... and attacking them, finding they are often easier to hack than financial institutions. Fraud is moving away from banks into big e-commerce companies, Criminals are learning how to turn rewards programs, points and prepaid cards into cash.Here, through this paperwe propose method to dynamically identify characteristics pattern of customer then the incoming transactions are compared against the user profile to indicate the anomalies, based on appropriate message has been given. A FP tree based pattern matching algorithm is used to evaluate how unusual the new transactions are.
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