| The Fair
and Accurate Credit Transaction Act of 2003
(FACTA) was signed into law last December,
requiring that all electronic terminals
print no more than the last 5 digits of
a credit or debit card number on receipts.
All devices nationwide must comply by December
4, 2006. Some states have passed laws
mandating the truncation to begin sooner.
New York State required all new terminals
to have complied by January 1, 2003, and
existing terminals to have complied by January
1, 2004.
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