A Credible Individual Behavior Profiling Method for Online Payment Fraud Detection.

Online payment fraud detection relies on a credible characterization of individual behaviors. Existing individual behavior profiling methods have three problems in credibility. Firstly, they solely regard users as individuals to model and fail to credibly characterize the whole behavior patterns of transactions. Secondly, they cannot make full use of the general information among similar individuals due to the heterogeneity of transaction attributes. Thirdly, they are not capable of utilizing the label information of transactions credibly. Faced with these challenges, we propose a credible method for individual behavior profiling that consists of two steps. The first step is the construction of the credible individual behavior profiling framework. To begin with, the concept of individuals is generalized and the credible transaction description is given. Afterwards, based on the co-occurrence information of transaction attributes, the credible behavior condition is defined to set a limit to individual behavior patterns. The second step is the implementation of the framework. For this purpose, the original fraud detection problem is transformed into a pseudo-recommender system problem with a co-occurrence mapping process. In order to guarantee the credible behavior constraint, a credible recommendation algorithm is designed to collaboratively restore both the ranking and rating information of the pseudo-rating matrices. Besides, an embedding based approach is adopted to parameterize the proposed model. Experiments on an online payment transaction dataset demonstrate the effectiveness of our proposed method.