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Online Payment Fraud Detection

Online Payment Fraud Detection using Machine Learning in Python

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Online Payment Fraud Detection

Online Payment Fraud Detection using Machine Learning in Python

The problem Online Payment Fraud Detection solves

Online payment is the most popular transaction method in the world today. However, with an increase in online payments also comes a rise in payment fraud. This type of fraud can occur through various means, including stolen credit card information, phishing scams, identity theft, account takeovers, and malware attacks.
In our project, we have used logistic regression to train our model to classify transactions as fraud or not so that they can be prevented. We were able to train our data with 99% accuracy.

Challenges we ran into

We faced a problem with plotting confusion matrix, which we solved with guidance from our seniors.

Tracks Applied (1)

Fintech and Financial Inclusion

Our project is to detect fraud transactions in online payement, hence it fits into this track.

Discussion