Cart Fraud Protection On Large $ Orders. Can It Be Done?

One of my clients has asked me a question regarding fraud protection on large $ orders. Can the cart do anything like this?

"Question anything for cart like my bank has for security, I log into my bank and it calls me with a random code, to enter to get in. I would like something like this for payment over $100.00 to help stop fraud. Anything out there? This would or could that customers email they entered and phone number are REAL. I get a lot of phone numbers and e-mails that do not work!"