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

Based on the context documents, you may collect debit card information from participants in Texas as long as you comply with the requirements outlined in the relevant documents.

Requirements for Collecting Debit Card Information in Texas

According to [2.1], a debit card may be accepted only in place of United States currency or a check drawn on a funded bank account. Upon request, a debit card transaction sales receipt must be provided to the purchaser that uses a debit card to buy or use bingo paper/cards, electronic bingo devices or pull tabs. An electronic or hard copy of the debit card transaction sales receipt must be kept by the licensed authorized organization or Unit in order to substantiate compliance with the Bingo Enabling Act and the Charitable Bingo Administrative Rules. Each licensed authorized organization or unit which accepts payment by debit card must maintain records to substantiate the timely deposit of funds derived from debit card transactions into the organization’s or unit’s bingo account and the fees and expenses related to debit card transactions during the calendar quarter in which the debit card transactions occurred. All debit card transactions must be reported on the quarterly reports covering the time period in which the transactions occurred. All records relating to debit card transactions must be kept for four years.

It is illegal to obtain, possess, transfer, or use credit card or debit card information without the consent of the account holder with the intent to harm or defraud another [3.1]. It is also illegal to use a credit card or debit card with knowledge that the card, whether or not expired, has not been issued to the user and is not used with the effective consent of the cardholder or the card has expired or has been revoked or cancelled [3.2].

Therefore, it is recommended that you obtain the consent of the account holder before collecting their debit card information and ensure that you comply with the requirements outlined in the relevant documents.

Please note that this response is based on the context documents provided and may not be applicable to all situations. If you have any further questions or concerns, it is recommended that you consult with a legal professional.

Source(s):
Jurisdiction

Texas