Obama signs order to implement enhanced security measures for credit, debit cards

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WASHINGTON (CNN) — If you’ve ever had your credit card declined in a store or restaurant, there’s no need to be embarrassed – it happens to the President of the United States, too.

In fact, it happened just a few weeks ago.

President Barack Obama shared the story Friday while signing an executive order aimed at fighting identity theft.

“I should mention, by the way, I went to a restaurant up in New York when I was there for the UN General Assembly and my credit card was rejected. (laughter) It turned out I guess I don’t use it enough so they thought there was some fraud going on. Fortunately, Michelle had hers. (laughter) I was trying to explain to the waitress, no, I really think that I’ve been paying my bills. (laughter),” said Obama.

The executive order calls for newer, secure technology for government-issued debit and credit cards.

Secure Government Payments: Executive departments and agencies shall transition payment processing terminals to employ enhanced security features, including chip-and-PIN technology.

Improved Identity Theft Remediation: Promote regular submissions by Federal law enforcement agencies of compromised credentials to the National Cyber-Forensics and Training Alliance’s Internet Fraud Alert System, and streamline and bolster the FTC’s public website, IdentityTheft.gov.

Securing Federal Transactions Online: Ensure that all agencies making personal data accessible to citizens through digital applications require the use of multiple factors of authentication and an effective identity proofing process.

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