Solving Identity fraud for credit card users
I have developed methods, which you do not need to hand over your credit card for payment processing, you do it yourself, so the credit card never leaves your hand, to reduce the risks of skimming devices, even if there is a breech, it can be traced back to the machine code of the merchant’s terminal, if I have my way, only certain terminals will be utilised to prevent identity fraud.
I am developing a new database for phone banking that can linked to your credit card for purchase below $100, where you can purchase groceries and fast food over the phone, by providing your phone banking account number and your security code behind your credit card, and the merchant can automatically deduct the purchases via the internet, I am working out more details to make it more secure, soon, it can be rolled out for phone banking services. I have studied before Pizza Hut call centre operations, and very soon I will have a Total solution.
The most logical solution, is to link phone banking pin to credit/debit card account, and internet banking account, so that purchases for fast food and grocery items can be made under $100, where the call centre will manage the purchases via order thru the Internet, and deduct the amount subsequently, this solution do not need new investment, where most banks already have the resources, and it can be easily implemented to compliment other products, to drive up sales for the merchant, eventually increase commission for the banks.
I need to close all the loopholes so that when China open up it’s Financial markets, there will be stability and growth, instead of being brought down by criminals and gangs who will try to exploit the loopholes, very soon, there will be none.
Once I reach all my goals, I will have no worry about money anymore, I will transfer all my inventions to the UN, and can easily obtain from IMF/World Bank a Letter of Guarantee, even greater than what Khamis has done, and any bank in the world can give me any amount of money I need.
– Contributed by Oogle.