States / New York / S 5500

S 5500 Passed First Chamber

Relates to peer-to-peer mobile payment service security

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

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.

Chamber
Senate
Introduced
Feb 21, 2025
Last action
Jun 12, 2025 — REFERRED TO CONSUMER AFFAIRS AND PROTECTION
Session
2025-2026
Momentum
53 · Moderate