Executive Order requires federal government credit and debit cards to incorporate “chip-and-PIN” technology
WASHINGTON, D.C.–(ENEWSPF)–October 20, 2014. U.S. Senator Dick Durbin (D-IL) today applauded President Obama’s decision to issue an Executive Order that is intended to better secure financial transactions and safeguard sensitive consumer data. The Order requires government payment cards – such as the prepaid debit cards that Treasury uses to distribute Social Security benefits – to incorporate secure “chip-and-PIN” technology to store card…
