New York S04700 requires the registration and regulation of non-bank automated teller machines.
New York S04700 amends the banking law to add a new article on non-bank automated teller machine (ATM) registration. Operators must register non-bank ATMs with the superintendent, providing details such as the operator's name, address, and telephone number, and the location of the ATM. Operators must also pay a registration fee and submit a renewal fee bi-annually. Non-bank ATMs must comply with federal laws, and operators cannot charge transaction fees exceeding those set by the superintendent.
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