NY A01693

Banks, credit unions, trust companies, savings banks, and savings and loan associations must print no more than the last five digits of account numbers or charge/credit/debit card numbers on electronically printed receipts provided to customers.

Requirement applies only to electronically printed receipts and does not apply to transactions where account numbers are recorded solely by handwriting.

New bank machines and devices placed in service on or after January 1, 2010 must comply immediately; existing machines in service before January 1, 2010 have until January 1, 2013 to comply.

Violating institutions receive written notice with two weeks to correct the violation; failure to comply results in a $500 civil penalty and one additional week to correct, followed by $1,000 per week in penalties until corrected, with a maximum aggregate penalty of $4,500 per premises.

Act takes effect January 1, 2010.