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New White House efforts help secure your payments
American banks and stores may already be planning to tighten your payment security, but the White House wants to give those efforts a boost. President Obama has signed an Executive Order that will require the federal government to both issue more secure chip-and-PIN (aka EMV) payment cards and upgrade terminals to match. This isn't just for protecting day-to-day staff expenses -- it also means that pensions, Social Security and veteran payments (all of which tend to go through official debit cards) should be safer. There should also be fewer risks when you're buying from federal locations like national parks and the passport office.
