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Can I collect debit card information from participants in Minnesota? What are the requirements?
Collecting Debit Card Information from Participants in Minnesota
According to Minnesota law, any person or entity that collects debit card information from participants in Minnesota must comply with certain requirements.
Data Privacy Laws
Minnesota has strict data privacy laws that require entities to obtain consent from individuals before collecting, using, or sharing their personal information [1.2]. Therefore, if you plan to collect debit card information from participants in Minnesota, you must obtain their consent first.
Payment Card Industry Data Security Standards
In addition to data privacy laws, entities that collect debit card information must also comply with Payment Card Industry Data Security Standards (PCI DSS) [1.2]. PCI DSS is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment.
Conclusion
Based on the context documents, if you plan to collect debit card information from participants in Minnesota, you must obtain their consent first and comply with Payment Card Industry Data Security Standards (PCI DSS).
Source(s):
Jurisdiction
Minnesota