President Obama’s Credit Card Was Declined

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President Obama has many impersonators.
So you can’t blame his credit card company
for being a bit skittish about identity theft.
While signing an executive order on Friday
mandating chip-and-pin technology on all
federal government credit and debit cards,
the president revealed that his card was
declined at a restaurant in New York City last
month.
“It turned out I guess I don’t use it enough,
so they thought there was some fraud going
on,” Obama said, adding that, thankfully,
First Lady Michelle Obama picked up the
check. “I was trying to explain to the
waitress, ‘No really, I think that I’ve, uh, been
paying my bills.’ So even I’m affected by
this.”
The Huffington Post couldn’t confirm where
the president’s credit card was declined, but
it was previously reported that the Obamas
and senior adviser Valerie Jarrett dined at
Estela last month. A woman who answered
the phone at the posh restaurant in
downtown Manhattan Friday told HuffPost
that no one was available to talk about the
president’s visit.
On Friday, President Obama signed an
executive order outlining several steps the
government will take to better protect
Americans from financial fraud and identity
theft, which is the country’s fastest-growing
crime.
The order requires, among other things, that
federal law enforcement send compromised
credentials they find to a nationwide
“Internet Fraud Alert System” and requires
that government agencies that make
personal data available online use two-factor
authentication, or log-in by typing in both a
password and a PIN code sent to a user’s
phone.
The order also mandates that government
agencies begin introducing machines that
read a new type of credit card that uses an
embedded microchip and a PIN code to
authorize transactions. Such cards — known
as “chip and pin” cards — are supposed to
make it much more difficult for hackers to
make counterfeit credit cards from stolen
card information, and are supposed be widely
introduced by credit card companies by
October of next year.

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