DESIGN AND SIMULATION OF AN EFFICIENT MODEL FOR CREDIT CARDS FRAUD DETECTION

In this study a model which can improve the accuracy and reliability of credit card fraud detection was proposed. This is with a few to mitigating contentious issues regarding online transaction of credit card, such as  amount of transactions that have resulted in payment default and the number of credit card fraud cases that have been recorded, all of which have put the economy in jeopardy.   To address this challenge,sample dataset was sourced from online repository database of Kaggle. The feature extraction on the data was performed using Principal Component Analysis (PCA). The credit card fraud detection model was designed using Neuro-fuzzy logic technique, clustering was done using Hierarchical Density Based Spatial Clustering of Application with Noise (HDBSCAN) .The simulation of the proposed model was done in Python programming environment.The performance evaluation of the model was carried out by comparing the proposed model with Neuro-Fuzzy (NF) technique using performance metrics such as precision, recall, F1-score and accuracy.  The simulation result showed that the proposed model (NF + HDBSCAN) had precision of 98.75%, recall of 98.70%, F1-Score of 97.65% and accuracy 99.75% . NF had Precision of 94.60%, recall of 94.50%, F1-Score of 95.50% and accuracy 95.70% using training dataset. Likewise, when test dataset were used, the proposed (NF + HDBSCAN) had precision of 93.50%, recall of 95.50%, F1-Score of 94.50% and accuracy 95.50%. NF had Precision of 92.50%, recall of 93.00%, F1-Score of 94.00% and accuracy 93.50%.  The simulation results of the proposed model was viable, reliable and showed possibility of being designed as module which could be  integrated into the existing credit card design for lowering fraud rate and assisting fraud investigators

TEXTURE MODELING AND SIMULATION FOR SYNTHETIC PALM VEIN IMAGE GENERATION SYSTEM

Unavailability of large-scale palm vein databases due to their intrusiveness have posed challenges in exploring this technology for large-scale applications. Hence, this research modelled and generated synthetic palm vein images from only a couple of initial samples using statistical features. Variations were introduced to the three optimized statistical features (S5; the original images were employed as training images and the best variation in the first experiment  as training images, S4; the best variation in the first experiment  as training images while the original images were used as testing images, S3; mean vectors, covariance matrices and correlation coefficient, S2; mean vectors and covariance matrices, S1; mean vectors, Non-Synthetic; acquired image) which were used to generate synthetic palm vein images employing statistical and Genetic Algorithm (GA) approaches and were evaluated based on Equal Error Rate (EER), Average Recognition Accuracy (ARA) and Average Recognition Time (ART). The results obtained from the experiment showed that EERs were 0.22, 0.51, 0.58 and 4.36 for S3, S2, S1 and NS respectively. S3 had superior ARA (99.83%) compared with S2 (99.77 %), S1 (99.70 %) and NS (98.33 %). The ARTs obtained were 84.97s, 75.55s, 84.04s and 681.74s for S1, S2, S3 and NS respectively with S2 (75.55s) having significantly least value. Furthermore, EER, ARA and ART for S4 were 0.43, 99.00%, and 12.13s, respectively while the corresponding values for S5 were 1.43, 97.50%, and 680.13s, respectively. The research outcome justifies the extraction of mean vectors, covariance matrices and correlation coefficient