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Even the President of the United States of America embarrassing moments with credit cards. Barack Obama one last month. A restaurant cashier him she couldn't his credit card. He was dinner at an expensive restaurant in an upmarket area of New York. The President reporters: "I went to a restaurant during the U.N. General Assembly, and my credit card was ….It turned out, I guess, I don't use it enough." He that the cashier thought his card was being used for illegal purposes. He that he did not have enough cash to pay for the restaurant bill. Luckily, his wife the bill using her credit card and they could leave the restaurant.

Mr Obama his credit card story on Friday while he was a new law to consumers from identity theft. In particular, the new law the controls on credit cards. Obama said: "Even I'm affected by this." Identity theft is a growing problem all over the world. Officials in the USA think that 100 million people have affected in the past year because someone their private information online. The new law is called "BuySecure". It the credit card industry to from cards with magnetic strips to those with microchips and PIN numbers. Magnetic strips old technology. It is easy for hackers to them and put the information on other cards.