summary
Introduced
01/11/2022
01/11/2022
In Committee
01/11/2022
01/11/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill prohibits an electronic payment system from imposing a fee on a merchant for the manual entry of a credit card that is higher than the fee for an electronic credit card transaction. "Electronic payment system" is defined as an entity, which is not a national bank, that directly, or through licensed members, processors or agents, provides the proprietary services, infrastructure, and software that route information and data to facilitate transaction authorization, clearance, and settlement, and that merchants access in order to accept a brand of general-purpose credit cards, charge cards, debit cards or store-valued cards as payments for goods or services. "Merchant" is defined as a person or entity doing business in this State which offers goods or services for sale in this State. The provisions of the bill would be in effect during a state of emergency declared by the governor.
AI Summary
This bill prohibits electronic payment systems from imposing a higher fee on merchants for manually entering credit card information compared to the fee for an electronic credit card transaction. The provisions of the bill would be in effect during a state of emergency declared by the governor. The bill defines "electronic payment system" as an entity that provides the infrastructure and software to facilitate credit, debit, and store-valued card transactions, and "merchant" as a person or entity doing business in New Jersey that offers goods or services for sale.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 01/11/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S92 |
BillText | https://www.njleg.state.nj.us/Bills/2022/S0500/92_I1.HTM |
Bill | https://www.njleg.state.nj.us/Bills/2022/S0500/92_I1.PDF |
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