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MO HB593

Bill

Status

Introduced

1/21/2015

Primary Sponsor

Joshua Peters

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Requires merchants to verify a consumer's state-issued driver license or nondriver identification card for all mobile payment transactions, ensuring the ID matches the financial account holder

  • Mandates merchants record the driver license or nondriver identification card number at the time of each mobile payment transaction

  • Holds merchants financially liable to reimburse financial institutions for unauthorized mobile payment charges if the merchant failed to check and record the required identification

  • Defines "mobile payment" as point-of-sale payments made through cellular phones, smartphones, personal digital assistants, or tablet computers

  • Amends Chapter 407, RSMo (consumer transactions) by adding new section 407.1525

Legislative Description

Establishes the Mobile Wallet Act of 2015

Last Action

Public Hearing Completed (H)

2/24/2015

Committee Referrals

Consumer Affairs2/11/2015

Full Bill Text

No bill text available