Much FACTA Legal Activity This Week, All In Retail’s Favor
Written by Evan SchumanMay 30th, 2008
For those retailers worrying about the legal threats associated with the Fair and Accurate Credit Transactions Act (FACTA), in particular the rule that says they can't give a customer a receipt displaying the last few digits of the payment card nor can it show the expiration date, they can rest a lot easier this week. That's thanks to a ruling on Wednesday from a federal judge and the passage of a bill this week softening the law.
The new proposed law—which passed both the House and Senate this week and is awaiting President Bush's signature—essentially removes the expiration date requirement of the law. So assuming the president signs it into law, the bill just got a lot easier to navigate.
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Our Comment SPAM system is getting very aggressive these days and has been blocking legitimate comments. If you post a comment and don't see it appear within 2 hours or so, can you please send a heads-up to customer-service@storefrontbacktalk? Ideally, please include the time you posted the comment. That will allow us to try and hunt for it. Thanks! P.S. We're working on fixing the system, but we don't want to lose any valuable comments in the meantime.
Our Comment SPAM system is getting very aggressive these days and has been blocking legitimate comments. If you post a comment and don't see it appear within 2 hours or so, can you please send a heads-up to customer-service@storefrontbacktalk? Ideally, please include the time you posted the comment. That will allow us to try and hunt for it. Thanks! P.S. We're working on fixing the system, but we don't want to lose any valuable comments in the meantime.
Is there really an improvement between a mag swipe and contactless tap if multi-factor authentication is required?
-Ed
