NY State Senate Bill 2019-S2402

Senate Bill S2402

2019-2020 Legislative Session

Requires ATM machines to release ATM cards with EVM chips prior to disbursing cash or a receipt

download bill text pdf

Archive: Last Bill Status - In Senate Committee Banks Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 08, 2020	referred to banks
Jun 20, 2019	committed to rules
May 14, 2019	advanced to third reading
May 13, 2019	2nd report cal.
May 08, 2019	1st report cal.648
Jan 24, 2019	referred to banks

Votes

- May 8, 2019 - Banks Committee Vote
  S2402
  
  6
  
  Aye
  
  4
  
  Nay
  
  1
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Banks Committee Vote: May 8, 2019
      
      aye (6)
      
      Breslin
      
      Kennedy
      
      Parker
      
      Sanders Jr.
      
      Sepúlveda
      
      Thomas
      
      nay (4)
      
      Antonacci
      
      Jordan
      
      O'Mara
      
      Tedisco
      
      aye wr (1)
      
      Persaud

2019-S2402 (ACTIVE) - Details

Current Committee:: Senate Banks
Law Section:: Banking Law
Laws Affected:: Amd §§75-b & 75-c, Bank L
Versions Introduced in Other Legislative Sessions:: 2017-2018: S8387
2021-2022: S5848
2023-2024: S2881

2019-S2402 (ACTIVE) - Summary

Requires ATM machines to release ATM cards with EVM chips prior to disbursing cash or a receipt and defines EVM chip and related terms.

2019-S2402 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S2402

SPONSOR: COMRIE
 
TITLE OF BILL:

An act to amend the banking law, in relation to requiring ATM machines
to release ATM cards with EVM chips prior to disbursing cash or a
receipt

 
PURPOSE OR GENERAL IDEA OF BILL:

This bill would require all newly installed chip-enabled ATM's to
release the EVM chip card prior to disbursing cash or printing a deposit
receipt in order to reduce the chance that a customer may leave their
ATM card in the machine at the end of the transaction

 
SUMMARY OF PROVISIONS:

This bill would amend the banking law to require all newly installed
chip enabled ATM's to release the EVM chip card prior to disbursing cash
or printing a deposit receipt.

 
JUSTIFICATION:

In recent years, the prevalence of "chip cards" that contain Europay,
Visa, Mastercard (EVM) chips that store customer data, has led to new
problems that need to be addressed. One of these problems is customers
leaving their chip card in an ATM machine after taking their money from
the ATM. This bill would address that issue by requiring the ATM to
release the card from the machine before disbursing cash or printing the
deposit receipt. Customers would be much less likely to leave their card
behind since they will be to prompted to remove the card before waiting
for their money or deposit slip to be disbursed. This simple change in
the order of operation for ATM's is very consumer-friendly and an impor-
tant piece of legislation to solve this common problem.

 
PRIOR LEGISLATIVE HISTORY:

Senate Bill 8387 of 2017-18 | Referred to Banks.

 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

None to the state.

 
EFFECTIVE DATE:
This act shall take effect on the one hundred eightieth day after it
shall have become a law and shall apply to any ATM installed after such
date.

2019-S2402 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2402
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             January 24, 2019
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Banks
 
 AN ACT to amend the banking law, in relation to requiring  ATM  machines
   to  release  ATM  cards  with  EVM chips prior to disbursing cash or a
   receipt

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section 75-b of the banking law is amended by adding four
 new subdivisions 10, 11, 12, and 13 to read as follows:
   10. "EVM CHIP" MEANS A DATA STORAGE CHIP THAT IMPLEMENTS THE  EUROPAY,
 MASTERCARD AND VISA TECHNICAL STANDARD.
   11.  "CHIP  CARD" MEANS AN AUTOMATED TELLER MACHINE CARD, CREDIT CARD,
 OR OTHER FORM OF SECURE-PAYMENT CARD WITH AN  EVM  CHIP  INSET  FOR  THE
 PURPOSES OF CUSTOMER DATA STORAGE.
   12.  "CARD  DIPPING"  MEANS  THE  INSERTION OF A CHIP CARD INTO A CARD
 READER TO ENABLE CUSTOMER DATA TO BE READ OFF THE EVM CHIP.
   13. "CHIP ENABLED AUTOMATIC TELLER MACHINE" MEANS AN AUTOMATIC  TELLER
 MACHINE THAT READS CUSTOMER DATA FROM A CHIP CARD AND USES CARD DIPPING.
   § 2. Section 75-c of the banking law is amended by adding a new subdi-
 vision 4 to read as follows:
   4.  NOTWITHSTANDING  THE  PROVISIONS OF SECTION SEVENTY-FIVE-I OF THIS
 ARTICLE, NO NEWLY INSTALLED CHIP ENABLED AUTOMATIC TELLER MACHINE  SHALL
 DISBURSE  CASH  OR  PRINT  A DEPOSIT RECEIPT WITHOUT FIRST RELEASING THE
 CARD TO THE CUSTOMER AND THE CUSTOMER  WITHDRAWING  THE  CARD  FROM  THE
 READER.
   § 3. This act shall take effect on the one hundred eightieth day after
 it  shall  have  become a law and shall apply to any ATM installed after
 such date.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08694-01-9

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