Date: November 08, 2012
Filed in: frontpage, news

News: DHS will scan payment cards at borders

The U.S. Department of Homeland Security (DHS) will scan payment cards at borders: Travelers leaving or entering the U.S. have to declare aggregated cash and other monetary instruments exceeding $10,000. Under a proposed amendment to the Bank Secrecy Act, FinCEN (Financial Crimes Enforcement Network) will also add the value of prepaid cards to this. The DHS develops advanced handheld card readers to differentiate between a credit card, a debit card, and a prepaid card.

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