Texas SB2371 establishes rules for electronic terminals, including penalties for skimmers and criminal offenses related to their use.
Texas SB2371 amends the Business & Commerce Code to create Chapter 607A, focusing on payment card skimmers on electronic terminals. It defines terms such as "skimmer" and "electronic terminal," and outlines duties for service technicians and merchants. The financial crimes intelligence center is tasked with administering and enforcing the chapter, including accepting reports of suspected skimmers and conducting investigations.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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