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You may have got the new credit card recently with a chip in it. Consumer advocates from the credit card industry will discuss the implementation of that chip card technology. A group called protect my data is protecting hosting this of that. This is live coverage on a cspan. We expected to start in just a moment. Good afternoon unwelcome. It good afternoon and welcome. Thank you for being here. Thank you for taking part of this conversation today. We will follow up on the event we had last year. That me start again. Anyone missed it, i want to welcome you today to take part in this great conv...

It doesnt make sense to make the American Public stand by and wait for an alternative while they remain susceptible to fraud. Traditional credit and debit cards account for the overwhelming majority of all transactions in the United States today. Credit cards be the preferred method of payment for consumers for years to come. We must ensure we are using every credible means to safeguard those transactions now. That means embracing chips and pins. I would like to try over to camille fisher. She is the policy advisor with the white house economic council. She will speak about what the administra...

Were highlighted in president obamas executive order that required technology for government issued credit cards and in a pride of the old terminals at federal buildings. Others have recognized that security benefits of combining chip cards with pins. In the last two weeks, discover, one of the largest card brands, embraced the willingness to use pins. New york had a consumer alert stating in part that chip cards that require a personal Identification Number could be entered at a pointofsale to make a purchase and they are the most secure. Over the last year, the payment industry has rebutted ...

I think the reason why some of these have stuck around all the time, as youve said, theyre really politically intractable. But in some sense theres a reason for that, and maybe its not necessarily a bad thing. I mean, the other option is to have absolutely no regulation, right, at the extreme so that theres no conflict over what that regulation and anything goes. And if thats not what were trying to set up, a sort of superregulatory council that can sort of whackamole and bat down anything that is not the least trade restrictive model, thats where youre getting political pushback be. And thats...

Pilot was one of six jets coming back from the persian gulf. He ejected but did not survive. One final move was to avoid crashing into homes. His sister says she learned she knew it was taj. He graduate ready from university of San Francisco in 2004, joining the marines in 2005. The mothers worrying began. Yes. I just worried. He said think of it like this is my passion. I love to fly. Reporter for this home, no more questions. The second night knowing taj is gone. For a family, a father when does the waiting end . Ill wait the two days forever. He said ill be back in two days. Reporter he wil...