The Traderszone Network

Published in TZ Latest News 17 October, 2014 by The TZ Newswire Staff

Obama signs order to tighten security for federal credit cards

President Barack Obama signed an executive order on Friday to beef up security measures for federal credit cards, and urged banks and retailers to follow suit in an effort to combat the growing threat of identity fraud. The order, which Obama signed before a lively, packed crowd of regulators at the Consumer Financial Protection Bureau, will add microchips and PIN numbers to government credit cards and debit cards starting in January.

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