Law360, New York ( October 19, 2014, 9:01 PM EDT) -- President Obama signed an executive order on Friday as part of the administration's new BuySecure initiative that requires federal agencies to apply enhanced security features, including chip-and-PIN technology, to government credit cards, debit cards and other payment cards.[1] According to an accompanying fact sheet,[2] the initiative on whole purports to "provide consumers with more tools to secure their financial future by assisting victims of identity theft, improving the Government's payment security as a customer and a provider, and accelerating the transition to stronger security technologies and the development of next-generation payment security tools."...
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