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Government credit card freeze: Trump's latest move to rein in government spending
In an effort to increase transparency and accountability in government spending, President Donald Trump has issued an executive order freezing the use of government credit cards at federal agencies for 30 days. The move, pushed by the Department of Government Efficiency (DOGE), comes after it was revealed that nearly $40 billion was spent on government card purchases in 2024. While the order includes exceptions for emergencies and critical services, it has sparked debate over its impact on agency operations and its effectiveness in reducing spending.
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Revolution in Credit Cards: Mastercard Plans to Eliminate Numbers from Physical Cards Permanently
The electronic payments industry is undergoing a historic transformation with increasing innovation in the field of credit cards. In this context, Mastercard, one of the leading global financial services companies, has announced a revolutionary move: the permanent removal of numbers from physical credit and debit cards. This decision aims to enhance security and simplify the user payment experience.
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