Originally published in The European Business Review, March 21, 2024. The detection of fraudulent credit card transactions is an ideal candidate for the application of machine learning technology. However, in order to learn how to spot attempted fraud, such a system needs someone to tell it which historic transactions were OK, and which were not. […]

Source: https://www.predictiveanalyticsworld.com/machinelearningtimes/where-fico-gets-its-data-for-screening-two-thirds-of-all-card-transactions/13648/