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A Descriptive Study of Credit Card Fraud Pattern

Author

Listed:
  • Sanjeev Jha

    (Sanjeev Jha is Assistant Professor, Department of Decision Sciences, Whittemore School of Business and Economics, University of New Hampshire, McConnell Hall, Durham, New Hampshire, USA. E-mail: sanjeev.jha@unh.edu)

  • J. Christopher Westland

    (J. Christopher Westland is Professor and Head, Department of Information & Decision Sciences, University of Illinois-Chicago, Chicago, USA. E-mail: westland@uic.edu)

Abstract

We analyzed a dataset of fraudulent credit card transactions to uncover patterns in fraudulent transactions and to demonstrate the importance of focusing on suspicious transactions. We argue that revealed patterns in fraudulent transactions may help financial institutions update their practices and develop innovative mechanisms and systems to improve their performance at preventing and detecting credit card frauds.

Suggested Citation

  • Sanjeev Jha & J. Christopher Westland, 2013. "A Descriptive Study of Credit Card Fraud Pattern," Global Business Review, International Management Institute, vol. 14(3), pages 373-384, September.
    • Handle: RePEc:sae:globus:v:14:y:2013:i:3:p:373-384
    DOI: 10.1177/0972150913494713
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    References listed on IDEAS

    as
    1. D. J. Hand & W. E. Henley, 1997. "Statistical Classification Methods in Consumer Credit Scoring: a Review," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 160(3), pages 523-541, September.
    2. D J Hand & C Whitrow & N M Adams & P Juszczak & D Weston, 2008. "Performance criteria for plastic card fraud detection tools," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 59(7), pages 956-962, July.
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    Cited by:

    1. Namrata Sandhu, 2020. "Behavioural Red Flags of Fraud: An Ex Post Assessment of Types and Frequencies," Global Business Review, International Management Institute, vol. 21(2), pages 507-525, April.

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