New York A11283 prohibits payment card networks from penalizing small businesses or financial intermediaries for non-compliance with credit card.

New York A11283 amends the general business law to prohibit payment card networks from assessing penalties against small businesses or financial intermediaries who fail to comply with the credit card surcharge notice requirement. The bill also declares any clause in a contract, agreement, or arrangement that imposes such penalties to be void. This protection applies to small businesses as defined in the economic development law.

New York A11283 prohibits payment card networks from penalizing small businesses or financial intermediaries for non-compliance with credit card.

New York A11283 amends the general business law to prohibit payment card networks from assessing penalties against small businesses or financial intermediaries who fail to comply with the credit card surcharge notice requirement. The bill also declares any clause in a contract, agreement, or arrangement that imposes such penalties to be void. This protection applies to small businesses as defined in the economic development law.