MS SB2651

Requires all business entities providing credit card processing hardware or software to retail merchants to comply with the Fair and Accurate Credit Transactions Act of 2003 beginning January 1, 2011.

Prohibits electronically printed receipts from displaying more than the last five digits of the credit card or debit card account number or the card's expiration date.

Exempts transactions recorded solely by handwriting, imprint, or physical copy of the card from these receipt printing requirements.

Establishes penalties of up to $100 for first offense, up to $500 for second offense, and up to $1,000 for each subsequent willful violation.

Effective date is July 1, 2010.