New York S05810 mandates electronic benefit transfer systems to automatically cancel credit or debit cards upon reports of fraudulent activity.

New York S05810 amends the social services law to require electronic benefit transfer systems to automatically cancel credit or debit cards when a benefit recipient reports fraudulent activity. This automatic cancellation must occur as soon as the procedure for reporting fraudulent activity is completed. The bill also allows benefit recipients to apply for a replacement card at the time of cancellation. The changes will take effect 30 days after the law is enacted, with necessary rules and regulations to be completed by that date.

New York S05810 mandates electronic benefit transfer systems to automatically cancel credit or debit cards upon reports of fraudulent activity.

New York S05810 amends the social services law to require electronic benefit transfer systems to automatically cancel credit or debit cards when a benefit recipient reports fraudulent activity. This automatic cancellation must occur as soon as the procedure for reporting fraudulent activity is completed. The bill also allows benefit recipients to apply for a replacement card at the time of cancellation. The changes will take effect 30 days after the law is enacted, with necessary rules and regulations to be completed by that date.