Minnesota Plastic Card Security Act (access device data retention)

MN Plastic Card Security Act
active

Prohibits 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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