A Survey on Outlier Detection Techniques for Credit Card Fraud Detection

@article{Pawar2014ASO,
  title={A Survey on Outlier Detection Techniques for Credit Card Fraud Detection},
  author={Amruta Pawar and Prakash N. Kalavadekar and Swapnali N. Tambe},
  journal={IOSR Journal of Computer Engineering},
  year={2014},
  volume={16},
  pages={44-48}
}
Credit card fraud detection is an important application of outlier detection. Due to drastic increase in digital frauds, there is a loss of billions dollars and therefore various techniques are evolved for fraud detection and applied to diverse business fields. The traditional fraud detection schemes use data analysis methods that require knowledge about different domains such as financial, economics, law and business practices. The current fraud detection techniques may be offline or online… 

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