00840nas a2200193 4500000000100000000000100001008004100002260000900043653002000052653001900072653002400091653001600115100002300131700001800154245005900172300001000231490000700241520039800248 2006 d c200610aFraud Detection10aPayment System10aSelf Organizing Map10aTransaction1 aVladimir Zaslavsky1 aAnna Strizhak00aCredit Card Fraud Detection Using Self-Organizing Maps a48-630 v183 a

Nowadays, credit card fraud detection is of great importance to financial institutions. This article presents an automated credit card fraud detection system based on the neural network technology. The authors apply the Self-Organizing Map algorithm to create a model of typical cardholder’s behavior and to analyze the deviation of transactions, thus finding suspicious transactions.