MFA for online credit card payment Fraud Protection

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Inspiration

Prevent online Credit Card Fraud by using Artificial Intelligence i.e. Face Recognition and Speech Recognition...

According to Forbes... https://www.forbes.com/sites/haydnshaughnessy/2011/03/24/solving-the-190-billion-annual-fraud-scam-more-on-jumio/#22d6ff8f390e Merchants in the United States are losing approximately $190 billion a year to credit card fraud - much of it is online, according to a 2009 Lexis Nexis study Banks lose $11 billion and customers loses about 4.8 billion, so merchants lose almost twenty times as much as banks. Those losses are scary, and present a deep systemic problem

What it does

Prevent online Credit Card Fraud by using AI i.e. Face recognition and Speech recognition 1). User should Register with their Credit Card Company with their picture and voice sample 2). While placing order online user should enter valid credit card number, expiry date and cvv number 3). While placing order online user should use their webcam to take a picture and record their voice as secondary validation 4). Credit Card information, Picture and Voice sample should match to the information submitted at the time of registration