S5500 (2025-26 session)

NY State bill

Directs every peer-to-peer mobile service to require users to create a personal identification code associated with the user's account that is required to be used when certain actions are taken and to require users to set a monetary amount for intended transfers above which the use of a personal identification number will be required to authenticate the user's identity.

Title
Relates to peer-to-peer mobile payment service security
Type
New York State Senate bill
Session
2025-26 session
Status
In Assembly Committee
Latest action date
2025-06-12
In committee
Consumer Affairs And Protection
Introduced
2025-02-21
Same as
A5730
Law section
General Business Law

Sponsors

Heard in committee

Same as

Committee meetings

Committee meetings that took this bill up, from the Senate's published agendas. The Assembly does not publish its committee agendas in machine-readable form, so an Assembly committee's consideration of a bill is not on this list.

Sources