President Obama has signed an executive order directing federal agencies to – as soon as possible –transition to more secure payment processing terminals and credit, debit, and other payment cards with enhanced security features, including chip-and-PIN technology.
The order calls on Department of Treasury to ensure that payment-processing terminals it provides to agencies have hardware necessary to support enhanced security featuresno later than January 1, 2015.
Also by January 1, 2015, the Department of the Treasury must develop a plan for agencies to install enabling software that supports enhanced security features, according to the order.
It calls on GSA to ensure that credit, debit, and other payment cards provided through its contracts have enhanced security features, and to begin replacing credit, debit, and other payment cards without enhanced security features no later than January 1, 2015.
The order furtherrequires the National Security Counsel and the White House to come up with a plan to ensure all federal agencies making personal data accessible to citizens through digital applications require the use of multiple factors of authentication and an effective identity proofing process, as appropriate.
Link: http://www.whitehouse.gov/the-press-office/2014/10/17/executive-order-improving-security-consumer-financial-transactions
