US President, Barack Obama felt embarrassed when his credit card was declined at a restaurant in New York. He was there during the United Nations General Assembly, last month when his card was rejected.
“I was there during the General Assembly, and my credit card was rejected,” Obama said on Friday, at the Consumer Financial Protection Bureau, where he unveiled new measures to stem credit card fraud and identity theft.
In defense he said bank must have took it as a fraud as he doesn’t uses it enough. “It turned out; I guess I don’t use it enough. So they thought there was some fraud going on,” he said to laughter, adding “fortunately, Michelle had hers.”
“I was trying to explain to the waitress, no, I really think that I’ve been paying my bills,” Obama said. Even I’m affected by this.”
He signed an executive order calling for tighter debit card security and enhanced federal measures to help victims of identity theft.
In addition, the US government will apply ‘PINS and chip’ i.e. (personal identification numbers) and security chip, that will replace signatures to all existing and newly issued government credit cards.