Abstract

Credit card fraud is one of the most important threatsthat affect people as well as companies across the world, particularlywith the growing volume of financial transactions using credit cards every day. This puts the security of financial transactions atserious risk and calls for a fundamental solution. In this paper, we discuss various techniques of credit card fraud detectiontechniques that provide enhanced protection for credit card systems against a variety of frauds. We also compare these techniquesin terms of accuracy, time, and cost, and outlined potential strengths and weaknesses to provide a guideline to choose the righttechnique.Keywords: Fraud detection techniques, E-Commerce, Credit card fraud, Credit card,fraud