Analysis of Various Credit Card Fraud Detection Techniques

Data mining is a technique that is applied to mine valuable information from the rough data. A prediction analysis is an approach that has the potential for forecasting future possibilities based on the recent data. The CCFD is the challenge of prediction in which fraudulent transactions are predicted based on certain rules. There are several stages included in the detection of fraud in credit cards. Various classification algorithms are reviewed with respect to the performance analysis in order to detect fraud in the credit card. The performance is measured with regard to precision.