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MO HB593
Bill
Status
1/21/2015
Primary Sponsor
Joshua Peters
Click for details
AI Summary
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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
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Mandates merchants record the driver license or nondriver identification card number at the time of each mobile payment transaction
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Holds merchants financially liable to reimburse financial institutions for unauthorized mobile payment charges if the merchant failed to check and record the required identification
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Defines "mobile payment" as point-of-sale payments made through cellular phones, smartphones, personal digital assistants, or tablet computers
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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