Online Payment Fraud Detection System

Pratik GaikarStudent, Smt. Indira Gandhi College of Engineering, Ghansoli, New Mumbai, Maharashtra, IndiaRuchi ShirkeStudent, Smt. Indira Gandhi College of Engineering, Ghansoli, New Mumbai, Maharashtra, IndiaMandar KadamStudent, Smt. Indira Gandhi College of Engineering, Ghansoli, New Mumbai, Maharashtra, IndiaSanika PatilStudent, Smt. Indira Gandhi College of Engineering, Ghansoli, New Mumbai, Maharashtra, IndiaProf. Sonali DeshpandeProfessor, Dept. of AI & ML, Smt. Indira Gandhi College of Engineering, Ghansoli, New Mumbai, Maharashtra, India

Vol 8 No 10 (2024): Volume 8, Issue 10, October 2024 | Pages: 232-237

International Research Journal of Innovations in Engineering and Technology

OPEN ACCESS | Research Article | Published Date: 26-10-2024

doi Logo doi.org/10.47001/IRJIET/2024.810032

Abstract

This study presents a real-time fraud detection system for online payment platforms, leveraging machine learning techniques to identify suspicious transactions. The system analyses historical transaction data to uncover patterns commonly associated with fraudulent activity. By applying algorithms such as decision trees, random forests, and logistic regression, it distinguishes between legitimate and fraudulent transactions. The system offers both user and admin interfaces: users can securely transfer funds and review their transaction history, while admins can monitor transactions and manage potential threats. Experimental results demonstrate high accuracy in fraud detection, effectively reducing false positives and issuing real-time alerts. This model, when integrated into online payment systems, enhances security and boosts user confidence in digital transactions.

Keywords

Fraud Detection System, GUI, confusion matrix, regression, payment fraud


Citation of this Article

Pratik Gaikar, Ruchi Shirke, Mandar Kadam, Sanika Patil, & Prof. Sonali Deshpande. (2024). Online Payment Fraud Detection System. International Research Journal of Innovations in Engineering and Technology - IRJIET, 8(10), 232-237. Article DOI https://doi.org/10.47001/IRJIET/2024.810032

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