NJ
New Jersey Senate Bill S1924

New Jersey 2024-2025 Regular Session

New Jersey Senate Bill S1924

Introduced
1/9/24  

Caption

Requires account numbers to be truncated on certain sales receipts.

Impact

The proposed legislation amends P.L. 2002, c.101, which regulates the information printed on sales receipts. With the new requirement, merchants will be mandated to only display the last five digits of any credit or debit card numbers on both customer-facing receipts and those retained by the merchant. This change reinforces existing measures against data exposure and aligns with broader national trends towards more stringent data privacy standards.

Summary

Senate Bill S1924, sponsored by Senator Carmen F. Amato Jr., aims to enhance consumer protection by requiring that the account numbers on certain sales receipts be truncated. Currently, New Jersey law restricts retail sales establishments from printing the entire credit card number or expiration date on receipts. This bill extends that protection to include debit card information, thereby addressing data security concerns for consumers. This modification seeks to further reduce the risk of identity theft and unauthorized use of personal financial information.

Contention

While the bill is positioned largely as a consumer protection measure, there may be concerns raised by some retailers regarding the compliance costs associated with implementing new receipt printing technologies to conform with these restrictions. The consequences for non-compliance are substantial, with a civil penalty of up to $1,000 imposed for each violation, which might lead to apprehension among smaller businesses about potential fines.

Notable_points

The bill specifies not only a new requirement for debit card truncation but also highlights the importance of maintaining strict control over sensitive financial information shared in retail transactions. This move could stimulate further legislative discussions about consumer data protection, possibly leading to more extensive laws governing how businesses handle customer information.

Companion Bills

NJ S1694

Carry Over Requires account numbers to be truncated on certain sales receipts.

Previously Filed As

NJ S1694

Requires account numbers to be truncated on certain sales receipts.

NJ A1840

Prohibits use of paper receipts containing bisphenol-A or bisphenol-S; provides for phased-in prohibition on use of all paper receipts; authorizes continued use of electronic receipts.

NJ A2794

Prohibits use of paper receipts containing bisphenol-A or bisphenol-S; provides for phased-in prohibition on use of all paper receipts; authorizes continued use of electronic receipts.

NJ SB184

Social security number truncation program.

NJ HB3742

To repeal certain state sales, use, excise, franchise, severance, production, occupations, gross receipts and inheritance taxes, to repeal or limit certain local sales, use, excise and ad valorem property taxes, to enact a statewide and local value added tax, and to reform school finance and administration; providing penalties.

NJ S573

Requires telemarketers making sales calls to display their name and telephone number on any caller identification service; prohibits certain caller identification service manipulation and provides additional penalty.

NJ A2776

Requires telemarketers making sales calls to display their name and telephone number on any caller identification service; prohibits certain caller identification service manipulation and provides additional penalty.

NJ SF2932

Taxes imposed on all lawful gambling receipts repeal

NJ HB1247

Reduce the gross receipts tax rate on retail sales and service and a certain use tax rate to four percent.

NJ HB4076

Sales tax and income tax; revise certain sales tax provisions, phase out individual income tax.

Similar Bills

No similar bills found.