SB 5719-S - DIGEST

(DIGEST AS ENACTED)

Establishes penalties for the fraudulent use of credit card scanning devices.

Declares that a person commits the crime of unlawful factoring of a credit card or payment card transaction if the person: (1) Uses a scanning device to access, read, obtain, memorize, or store, temporarily or permanently, information encoded on a payment card without the permission of the authorized user of the payment card or with the intent to defraud the authorized user, another person, or a financial institution; or

(2) Uses a reencoder to place information encoded on a payment card onto a different card without the permission of the authorized issuer of the card from which the information is being reencoded or with the intent to defraud the authorized user, another person, or a financial institution.

Declares that a second or subsequent violation of this act is a class B felony.