Impact Factor (2025): 6.9
DOI Prefix: 10.47001/IRJIET
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
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.
Fraud Detection System, GUI, confusion matrix, regression, payment fraud
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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