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The topology of card transaction money flows

Author

Listed:
  • Zanin, Massimiliano
  • Papo, David
  • Romance, Miguel
  • Criado, Regino
  • Moral, Santiago

Abstract

Money flow models are essential tools to understand different economical phenomena, like saving propensities and wealth distributions. In spite of their importance, most of them are based on synthetic transaction networks with simple topologies, e.g. random or scale-free ones, as the characterisation of real networks is made difficult by the confidentiality and sensitivity of money transaction data. Here, we present an analysis of the topology created by real credit card transactions from one of the biggest world banks, and show how different distributions, e.g. number of transactions per card or amount, have nontrivial characteristics. We further describe a stochastic model to create transactions data sets, feeding from the obtained distributions, which will allow researchers to create more realistic money flow models.

Suggested Citation

  • Zanin, Massimiliano & Papo, David & Romance, Miguel & Criado, Regino & Moral, Santiago, 2016. "The topology of card transaction money flows," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 462(C), pages 134-140.
    • Handle: RePEc:eee:phsmap:v:462:y:2016:i:c:p:134-140
    DOI: 10.1016/j.physa.2016.06.091
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    References listed on IDEAS

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    Cited by:

    1. Massimiliano Zanin & Miguel Romance & Santiago Moral & Regino Criado, 2018. "Credit Card Fraud Detection through Parenclitic Network Analysis," Complexity, Hindawi, vol. 2018, pages 1-9, May.
    2. Carolina E S Mattsson & Teodoro Criscione & Frank W Takes, 2022. "Circulation of a digital community currency," Papers 2207.08941, arXiv.org, revised Jun 2023.
    3. Mikrajuddin Abdullah, 2022. "Introducing Cashless Transaction Index based on the Effective Medium Approximation," Papers 2209.13470, arXiv.org.
    4. Iglesias Pérez, Sergio & Moral-Rubio, Santiago & Criado, Regino, 2021. "A new approach to combine multiplex networks and time series attributes: Building intrusion detection systems (IDS) in cybersecurity," Chaos, Solitons & Fractals, Elsevier, vol. 150(C).
    5. Sergio Iglesias Perez & Regino Criado, 2022. "Increasing the Effectiveness of Network Intrusion Detection Systems (NIDSs) by Using Multiplex Networks and Visibility Graphs," Mathematics, MDPI, vol. 11(1), pages 1-24, December.

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