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Can I accept payments online without violating payment processing laws in Connecticut? What are the requirements?

Accepting Online Payments in Connecticut

Connecticut does not have specific laws that regulate online payment processing. However, businesses that accept online payments must comply with federal laws and regulations, such as the Electronic Fund Transfer Act (EFTA) and the Payment Card Industry Data Security Standard (PCI DSS).

The EFTA requires businesses to disclose their policies and procedures for electronic fund transfers, including online payments. The PCI DSS sets security standards for businesses that accept credit card payments online.

To comply with these regulations, businesses that accept online payments in Connecticut should:

  • Provide clear and conspicuous disclosures of their policies and procedures for electronic fund transfers, including online payments.
  • Implement security measures to protect customer data, such as encryption and firewalls.
  • Comply with the PCI DSS security standards for accepting credit card payments online.

[2.1] provides information on the requirements for conducting sports wagering, online casino gaming, and fantasy contests in Connecticut. It outlines the requirements for electronic wagering platforms used to conduct online sports wagering or online casino gaming, conduct keno through the Internet web site, an online service or a mobile application of the Connecticut Lottery Corporation, conduct retail sports wagering, sell lottery draw game tickets through the Internet web site, online service or mobile application of the Connecticut Lottery Corporation, or conduct fantasy contests. The electronic wagering platform must be developed to verify that an individual with an account for online sports wagering, online casino gaming or retail sports wagering is twenty-one years of age or older and is physically present in the state when placing a wager or, in the case of retail sports wagering, is physically present at a retail sports wagering facility, with an account to participate in keno or to purchase lottery draw game tickets is eighteen years of age or older and is physically present in the state when participating or purchasing such tickets, or with an account for fantasy contests is eighteen years of age or older. The platform must also provide a mechanism to prevent the unauthorized use of a wagering account and maintain the security of wagering, participation or purchasing data and other confidential information.

[3.3] provides information on the definition of an online dating operator and related terms. It does not provide specific information on accepting online payments.

Therefore, it is important for businesses to consult with legal and cybersecurity professionals to ensure compliance with all relevant laws and regulations when accepting online payments in Connecticut.

Source(s):
Jurisdiction

Connecticut