Suspicious Behavior Detection in Debit Card Transactions using Data Mining: A Comparative Study using Hybrid Models

Ehsan Saghehei and Azizollah Memariani
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Ehsan Saghehei: Department of Industrial Engineering, Islamic Azad University Malayer Branch, Malayer, Iran
Azizollah Memariani: Department of Mathematics and Computer Science, University of Economic Sciences, Tehran, Iran

Information Resources Management Journal (IRMJ), 2015, vol. 28, issue 3, 1-14

Abstract: The approach used in this paper is an implementation of a data mining process against real-life transactions of debit cards with the aim of detecting suspicious behavior. The framework designed for this purpose has been obtained through merging supervised and unsupervised models. First, due to unlabeled data, Twostep and Self-Organizing Map algorithms have been used in clustering the transactions. A C5.0 classification algorithm has been applied to evaluate supervised models and also to detect suspicious behaviors. An innovative plan has been designed to evaluate hybrid models and select the most appropriate model for the solution of the fraud detection problem. The evaluation of the models and the final analysis of the data took place in four stages. The appropriate hybrid model was selected from among 16 models. The results show a high ability of selected model in detecting suspicious behavior in transactions involving debit cards.

Date: 2015
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