Bill > S04700

This bill requires the registration and regulation of non-bank automated teller machines (ATMs) in New York State, establishing a comprehensive framework to oversee these machines. The bill defines a non-bank ATM as an automated teller machine not controlled by a state or federal banking institution and mandates that all such machines must be registered with the state superintendent. Operators must provide detailed information during registration, including their contact details, ATM location, transaction types, and processor information, and pay a registration fee. The bill imposes several key requirements on non-bank ATM operators, such as limiting transaction fees, complying with federal financial regulations, and making clear disclosures to customers about fees, operator information, and transaction details. Operators must prominently display information about the machine, including contact details for inquiries and complaints, and provide detailed transaction receipts. The superintendent is granted authority to investigate, examine, and enforce compliance, with the power to impose civil penalties ranging from $500 for first violations to $1,000 for subsequent violations. The bill also allows the superintendent to suspend or revoke an operator's registration for knowingly violating regulations or failing to cooperate with investigations. The regulatory framework aims to protect consumers by ensuring transparency, reasonable fees, and compliance with financial safety standards for non-bank ATMs.

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https://www.nysenate.gov/legislation/bills/2025/S4700