What's happening
This bill requires businesses in New York to obtain additional identification, such as a PIN or password, for credit or debit card transactions.
Why it matters
Increases consumer protection. by making it harder for unauthorized users to make purchases with stolen cards, as a PIN or password would now be required at the point of sale.
May change how you shop. customers in New York could be asked for a PIN or password for every credit or debit card transaction, which might slow down checkout but also helps prevent fraud.
Affects banks and businesses. Both retailers and credit card issuers would need to update their systems and procedures to collect additional identification, potentially requiring new technology or training.
Potential privacy implications. since the bill specifies that the identifying information (PIN/password) cannot be written on transaction forms, aiming to reduce the risk of personal data exposure during transactions.
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Who cares
Businesses accepting credit or debit cards
They would have to require cardholders to provide additional identifying information, such as a PIN or password, to complete transactions.
Credit and debit cardholders
They would have to provide additional identifying information for transactions but could not be required to write it on transaction forms or attachments.
Credit services businesses
They would have to require credit cardholders to provide a PIN or password to obtain and maintain an account, with that information used only to perform credit card transactions.
Headline styles
Require Password for Card Purchases
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to consumer affairs and protection
- Referred to consumer affairs and protection
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3368
2019-2020 Regular Sessions
IN ASSEMBLY
January 29, 2019
Introduced by M. of A. ORTIZ -- read once and referred to the Committee on Consumer Affairs and Protection
AN ACT to amend the general business law, in relation to requiring additional information for credit card transactions
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 458-k of the general business law is renumbered 458-l and a new 458-k is added to read as follows:
§ 458-k. Personal identification required for credit card transactions. 1. Every person, firm, partnership or corporation which accepts credit or debit cards for the transaction of business shall require the credit or debit card holder to provide additional identifying information such as a personal identification number or password for the use and completion of the business transaction. The credit or debit card holder shall not be required to write such information on the credit or debit card transaction form or on any attachment thereto.
2. Every credit services business shall require credit card holders to provide a personal identification number or password to obtain and maintain a credit card account with such business and such information shall be required to be used by the credit card holder only to perform a credit card transaction.
§ 2. This act shall take effect on the one hundred twentieth day after it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07228-01-9
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.