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An Adaptive Approach on Credit Card Fraud Detection Using Transaction Aggregation and Word Embeddings

ABSTRACT: Due to the surge of interest in online retailing, the use of credit cards has been rapidly expanded in recent years. Stealing the card details to perform online transactions, which is called fraud, has also seen more frequently. Preventive solutions and instant fraud detection methods are widely studied due to critical financial losses in many industries. In this work, a Gradient Boosting Tree (GBT) model for the real-time detection of credit card frauds on the streaming Card-Not-Present (CNP) transactions is investigated with the use of different attributes of card transactions. Numerical, hand-crafted numerical, categorical and textual attributes are combined to form a feature vector to be used as a training instance. One of the contributions of this work is to employ transaction aggregation for the categorical values and inclusion of vectors from a character level word embedding model which is trained on the merchant names of the transactions. The other contribution is introducing a new strategy for training dataset generation employing the sliding window approach in a given time frame to adapt to the changes on the trends of fraudulent transactions. In the experiments, the feature engineering strategy and the automated training set generation methodology are evaluated on the real credit card transactions.

SUBMITTER: Maglogiannis I

PROVIDER: S-EPMC7256395 | biostudies-literature | 2020 Jan

REPOSITORIES: biostudies-literature

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Project description:BackgroundThere has been increasing interest in machine learning based natural language processing (NLP) methods in radiology; however, models have often used word embeddings trained on general web corpora due to lack of a radiology-specific corpus.PurposeWe examined the potential of Radiopaedia to serve as a general radiology corpus to produce radiology specific word embeddings that could be used to enhance performance on a NLP task on radiological text.Materials and methodsEmbeddings of dimension 50, 100, 200, and 300 were trained on articles collected from Radiopaedia using a GloVe algorithm and evaluated on analogy completion. A shallow neural network using input from either our trained embeddings or pre-trained Wikipedia 2014 + Gigaword 5 (WG) embeddings was used to label the Radiopaedia articles. Labeling performance was evaluated based on exact match accuracy and Hamming loss. The McNemar's test with continuity and the Benjamini-Hochberg correction and a 5×2 cross validation paired two-tailed t-test were used to assess statistical significance.ResultsFor accuracy in the analogy task, 50-dimensional (50-D) Radiopaedia embeddings outperformed WG embeddings on tumor origin analogies (p < 0.05) and organ adjectives (p < 0.01) whereas WG embeddings tended to outperform on inflammation location and bone vs. muscle analogies (p < 0.01). The two embeddings had comparable performance on other subcategories. In the labeling task, the Radiopaedia-based model outperformed the WG based model at 50, 100, 200, and 300-D for exact match accuracy (p < 0.001, p < 0.001, p < 0.01, and p < 0.05, respectively) and Hamming loss (p < 0.001, p < 0.001, p < 0.01, and p < 0.05, respectively).ConclusionWe have developed a set of word embeddings from Radiopaedia and shown that they can preserve relevant medical semantics and augment performance on a radiology NLP task. Our results suggest that the cultivation of a radiology-specific corpus can benefit radiology NLP models in the future.

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An Adaptive Approach on Credit Card Fraud Detection Using Transaction Aggregation and Word Embeddings

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