Minnesota Plastic Card Security Act (access device data retention)
MN Plastic Card Security ActProhibits businesses that accept payment cards from keeping the card security code, PIN verification code, or full magnetic-stripe track data after a transaction is authorized (48 hours for PIN debit). If a business (or its service provider) that violated the rule is breached, it must reimburse the banks and credit unions that issued the affected cards.
Jurisdiction
Minnesota
Jurisdiction Type
state
Country
United States
Effective Date
8/1/2007
Enforcing Authority
Civil action by card-issuing financial institutions (325E.64, subd. 3)
Fines Under This Regulation
0
Total Fine Amount (USD)
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