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Senate Bill S5848

2021-2022 Legislative Session

Requires ATM machines to release ATM cards with EVM chips prior to disbursing cash or a receipt

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Archive: Last Bill Status - In Senate Committee Banks Committee

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2021-S5848 (ACTIVE) - Details

Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Amd §§75-b & 75-c, Bank L
Versions Introduced in Other Legislative Sessions:
2017-2018: S8387
2019-2020: S2402
2023-2024: S2881
2025-2026: S4338

2021-S5848 (ACTIVE) - Summary

Requires ATM machines to release ATM cards with EVM chips prior to disbursing cash or a receipt; defines EVM chip and related terms.

2021-S5848 (ACTIVE) - Sponsor Memo

2021-S5848 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5848
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                              March 19, 2021
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Banks
 
 AN ACT to amend the banking law, in relation to requiring  ATM  machines
   to  release  ATM  cards  with  EVM chips prior to disbursing cash or a
   receipt

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section 75-b of the banking law is amended by adding four
 new subdivisions 10, 11, 12, and 13 to read as follows:
   10. "EVM CHIP" MEANS A DATA STORAGE CHIP THAT IMPLEMENTS THE  EUROPAY,
 MASTERCARD AND VISA TECHNICAL STANDARD.
   11.  "CHIP  CARD" MEANS AN AUTOMATED TELLER MACHINE CARD, CREDIT CARD,
 OR OTHER FORM OF SECURE-PAYMENT CARD WITH AN  EVM  CHIP  INSET  FOR  THE
 PURPOSES OF CUSTOMER DATA STORAGE.
   12.  "CARD  DIPPING"  MEANS  THE  INSERTION OF A CHIP CARD INTO A CARD
 READER TO ENABLE CUSTOMER DATA TO BE READ OFF THE EVM CHIP.
   13. "CHIP ENABLED AUTOMATIC TELLER MACHINE" MEANS AN AUTOMATIC  TELLER
 MACHINE THAT READS CUSTOMER DATA FROM A CHIP CARD AND USES CARD DIPPING.
   § 2. Section 75-c of the banking law is amended by adding a new subdi-
 vision 4 to read as follows:
   4.  NOTWITHSTANDING  THE  PROVISIONS OF SECTION SEVENTY-FIVE-I OF THIS
 ARTICLE, NO NEWLY INSTALLED CHIP ENABLED AUTOMATIC TELLER MACHINE  SHALL
 DISBURSE  CASH  OR  PRINT  A DEPOSIT RECEIPT WITHOUT FIRST RELEASING THE
 CARD TO THE CUSTOMER AND THE CUSTOMER  WITHDRAWING  THE  CARD  FROM  THE
 READER.
   § 3. This act shall take effect on the one hundred eightieth day after
 it  shall  have  become a law and shall apply to any ATM installed after
 such date.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09529-01-1

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