Enacts the New York gift certificate scam prevention act

Summary

The bill sets new security and record‑keeping rules for gift certificates, especially open‑loop cards sold by third‑party resellers. It applies to merchants selling certificates in person and to any reseller of open‑loop certificates, aiming to curb fraud. By mandating concealed numbers, tamper‑detecting technology, employee training, and three‑year transaction logs, the act seeks to protect consumers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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