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Can I collect debit card information from participants in Tennessee? What are the requirements?

Based on the information provided in the context documents, you can collect debit card information from participants in Tennessee, but you must comply with the state’s laws regarding the release of personal consumer information [2.1].

Requirements for Collecting Debit Card Information in Tennessee

If you are collecting debit card information from participants in Tennessee, you must ensure that you comply with the state’s laws regarding the release of personal consumer information [2.1]. Specifically, any person or business that conducts business in Tennessee and owns or licenses computerized personal information of residents of Tennessee must disclose any breach of system security to any resident of Tennessee whose personal information was, or is reasonably believed to have been, acquired by an unauthorized person [2.1].

Additionally, if you are leasing a device that enables credit card, debit card, or other payment card processing, you must ensure that the written contract between the payment processor and merchant clearly and conspicuously includes the cost to lease the device on a monthly basis, a reasonable approximation of the total cost to lease the device over the term of the lease, the minimum time period for which the device may be leased, and if an option to purchase the device is available, the total cost to purchase the device outright or a toll-free telephone number that the merchant may use in order to learn the total cost to purchase the device outright or to buy out the lease agreement [1.2].

In summary, you can collect debit card information from participants in Tennessee, but you must comply with the state’s laws regarding the release of personal consumer information and ensure that you comply with the requirements for leasing a device that enables credit card, debit card, or other payment card processing.

Note that this response is based solely on the context documents provided and does not constitute legal advice. It is recommended that you consult with a licensed attorney for specific legal advice regarding your situation.

[1.2]: TNCO 47-22-404 [2.1]: TNCO 47-18-2107

Source(s):
Jurisdiction

Tennessee