Consumers who use their debit cards to make purchases at New Jersey businesses could soon see new protections aimed at thwarting identity theft, says an AP report.
The state Senate Commerce Committee recently endorsed a measure that would require merchants to truncate debit card account numbers and expiration dates on all sales receipts, including copies they retain.
Proponents note the practice is already done with credit card account numbers, with retailers barred from electronically printing more than the last five digits of a customer's account number or the card's expiration date. So the cost of implementing the bill would likely be minimal, says the report.
The measure — which the New Jersey Assembly passed by a 76-0 vote in February — now heads to the Senate for a vote, though the date hasn't been scheduled yet. If it's approved there, the bill would go to Gov. Chris Christie's desk for his consideration. If the measure becomes law, violators could face fines of up to $1,000.
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Private industries need to join the fight against terrorist ideologies, says Financial Integrity Network Chairman Juan Zarate. Read how in the July edition of Security magazine. This issue also includes guidance about CSO compensation and salary, banking security, emergency notifications and more.