The California Retailers Association, Latino Consumer Federation, and California Grocers Association sent a letter to California Governor Jerry Brown urging him to adopt a global credit card standard known as chip and PIN for all transactions that involve the state government. The groups believe that working with the Governor’s office to put forward a California solution that closely mirrors President Barack Obama’s BuySecure Initiative implemented in October 2014, would bolster security for transactions that involve state government.
The letter argues that decisive action by Governor Brown’s Administration would also encourage implementation of chip and PIN across California and the country. Chip and PIN cards are widely used around the world with the exception of the United States – the only G20 nation that has not adopted the technology and instead continues to rely on the outdated magnetic stripe and signature payment cards. “In order to move beyond the outdated and fraud-prone magnetic stripe credit cards we are all accustomed to, credit card issuers have started rolling-out new credit cards that contain an embedded microchip,” the letter states.
President Obama took an important step last year when he issued an Executive Order requiring chip and PIN technology for all federally-issued cards, a strong signal from both the Administration as well as security experts that chip and PIN should be the national standard.
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