President Obama has faced a situation similar to a commoner.
Barack Obama has revealed that his credit card was declined to issue a payment when he was at a restaurant last month in New York.
The president has revealed that the incident has happened during his visit to New York to attend United Nations General Assembly.
He said, “I went to a restaurant up in New York when I was — during the UN General Assembly, and my credit card was rejected. It turned out I guess I don’t use it enough. They were — they thought there was some fraud going on. Fortunately, Michelle had hers.”
The reporters roared with laughter when president said he had to defend himself. President said, “I was trying to explain to the waitress that, you know, I think that I’ve been paying my bills.” He also poked fun by saying, “So see, even I am affected by it.”
President Obama has faced a similar situation in July this year when he was in Austin. It is said that he ordered barbecue worth $300 and then realized he didn’t have enough cash to make the payment. Obama ended up paying using his JP Morgan card.
Obama mentioned this incident to the reporters while he was signing a new executive order, the highly talked Buy Secure initiative which protects the consumers from identity theft. Identity theft affected over a 100 million individuals in United States this year. He introduced a more secure “chip-and-PIN technology.”
The new “chip-and-PIN technology” will replace the old magnetic-strips with an internal ship. It is claimed that the new technology will reduce the potential of theft and fraud.