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

Based on the provided context documents, it is prohibited to collect credit card information from students in New Jersey without meeting certain requirements.

Requirements for collecting credit card information from students in New Jersey

  1. Annual registration: Prior to engaging in the solicitation of students for applications for credit cards on a campus of an institution of higher education, a credit card issuer shall annually register its request to solicit for that purpose with an appropriate official of the institution of higher education. [1.2]
  2. Certificate of attendance: A credit card issuer who solicits applications for credit cards on a campus of an institution of higher education shall not issue a credit card to a student enrolled in that institution of higher education, unless the application submitted by the student includes a certificate indicating that the student has attended a one-time, on-campus program of education provided by the credit card issuer, as required by section 3 of this act. [1.4]
  3. Prohibited actions: A credit card issuer shall not purchase or otherwise obtain from an institution of higher education the names or addresses of the students at the institution of higher education; or offer gifts or other promotional incentives to students at an institution of higher education in order to entice the students to apply for a credit card. [1.3]

Based on the above requirements, it is possible to collect credit card information from students in New Jersey, but only after meeting the requirements outlined in the relevant statutes.

Source(s):
Jurisdiction

New Jersey