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Bill > A3003
NJ A3003
NJ A3003Directs State Treasurer to establish State Government Electronic Payment Security Standards.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill directs the State Treasurer to establish State Government Electronic Payment Security Standards. The purpose of this bill is to enhance the financial security of consumer transactions between the State and its residents. Identity theft and other forms of financial fraud are significant threats to consumers. New Jersey in particular, has a high incidence of those crimes relative to other states, ranked in the top ten for fraud and top fourth for identity theft. This bill recognizes that heightened threat and directs the State Treasurer to establish State Government Electronic Payment Security Standards for State-involved point-of-sale terminal transactions involving a credit, debit, or charge card, including, but not limited to, contracts the State enters into with providers of electronic access to public benefits and payment terminals accepting electronic payments on behalf of the State. The new standards are due for issuance sixth months after enactment with technological implementation scheduled for 18 months after enactment. Until the new standards are issued, the bill requires EMV smart chip technology as the minimum acceptable security standard for electronic payments. The bill directs Department heads to ensure compliance with the new standards, but does not preclude the adaptation of additional or more effective technological standards. The bill further directs the State Treasurer to review and re-issue electronic payment security standards to address technological advances and emerging consumer fraud threats on at least a biennial basis. The bill also grants the State Treasurer rulemaking authority for implementation.
AI Summary
This bill directs the State Treasurer to create and implement new security standards for electronic payments made to the State using credit, debit, or charge cards at point-of-sale terminals, aiming to protect residents from identity theft and financial fraud, which are particularly prevalent in New Jersey. These new standards, which will cover transactions like those involving public benefits or payment terminals accepting money on behalf of the State, are required within six months of the bill's enactment, with the necessary technology upgrades to be operational within 18 months. Until these new standards are in place, the bill mandates the use of EMV (Europay, Mastercard, and Visa) smart chip technology as the minimum security requirement. State department heads must ensure compliance, though they can adopt even more advanced security measures, and the State Treasurer will be responsible for reviewing and updating these standards at least every two years to keep pace with technological advancements and new fraud threats, with the authority to issue necessary rules and regulations for implementation.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 01/13/2026)
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/2026/A3003 |
| BillText | https://pub.njleg.gov/Bills/2026/A3500/3003_I1.HTM |
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