2011 RealTimeRiskControlSystemforCNP

• (Hsu, 2011) ⇒ Tai Hsu. (2011). “Real-time Risk Control System for CNP (card Not Present).” In: Proceedings of the 17th ACM SIGKDD International Conference on Knowledge Discovery and Data Mining (KDD-2011). doi:10.1145/2020408.2020541

Subject Headings:

Cited By

• http://scholar.google.com/scholar?q=%22Real-time+risk+control+system+for+CNP+(card+not+present)%22+2011
• http://portal.acm.org/citation.cfm?doid=2020408.2020541&preflayout=flat#citedby

Quotes

Abstract

AliExpress is an online e-commerce platform for wholesale products. Credit card is one of its various payment methods. An online transaction using credit cards is called a "card not present" (CNP) transaction where the physical card has not been swiped into a reader. It's also the major type of credit card frauds causing a great overhead of the online operation, sellers, and buyers. To protect customers on our platform, we developed a real-time credit card fraud detection system, using the machine learning technologies which allows us to achieve a precision of 97%, at a recall of 80%. With the system, we can provide the best online shopping experience for our customers, without the high risk of online transactions which always result a high operational cost. We will briefly share our experience and practice in the expo.

References

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	Author	volume	Date Value	title	type	journal	titleUrl	doi	note	year
2011 RealTimeRiskControlSystemforCNP	Tai Hsu			Real-time Risk Control System for CNP (card Not Present)				10.1145/2020408.2020541