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Can I collect credit card information from participants in Alaska? What are the requirements?

Based on the documents provided, it is allowed to collect credit card information from participants in Alaska as long as the information is truncated to only the last four digits and the expiration date is not printed on any receipt or physical record of the transaction [1.1]. It is important to note that a person may not sell a device that electronically prints more than the last four digits of a credit card or debit card number or expiration date on a consumer receipt for a business transaction or on a copy retained by a business person for a business transaction [1.1].

Requirements for collecting credit card information in Alaska:

  • Credit card information can be collected from participants in Alaska.
  • Only the last four digits of the credit card or debit card number can be printed on any receipt or physical record of the transaction.
  • The expiration date should not be printed on any receipt or physical record of the transaction.
  • It is prohibited to sell a device that electronically prints more than the last four digits of a credit card or debit card number or expiration date on a consumer receipt for a business transaction or on a copy retained by a business person for a business transaction [1.1].

However, the documents provided do not mention any specific requirements for collecting credit card information from participants in Alaska beyond the above mentioned. Therefore, it is recommended to follow the general guidelines for evaluating an applicant’s financial and credit record as outlined in [2.1], [2.2], [2.3], [2.5], and [2.7] when collecting credit card information from participants in Alaska.

Source(s):
Jurisdiction

Alaska