New Texas Law Allows Merchants to Decline Card Purchases Without ID
New Texas Law Allows Merchants to Decline Card Purchases Without ID
A law that goes into effect Jan. 1 will let store owners refuse to process credit or debit card transactions if the buyer won't show ID.
The aim of the law — which the Legislature passed during the regular session that ended in May — is to reduce debit and credit card fraud. Though merchants will sometimes pick up the tab for money lost to fraud, it often falls to banks to absorb the losses and replace compromised cards.
Read the entire story on the Texas Tribune.
The aim of the law — which the Legislature passed during the regular session that ended in May — is to reduce debit and credit card fraud. Though merchants will sometimes pick up the tab for money lost to fraud, it often falls to banks to absorb the losses and replace compromised cards.
Read the entire story on the Texas Tribune.
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