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New Jersey Legislature Proposes Law Implementing Daily Inspection & Sticker Program for All NJ ATMs
The proposed NJ law would require all ATM operators to (a) opt in/out of a statewide program that includes daily inspections of ATMs to detect/remove skimming devices; & (b) place stickers showing whether the ATM is/is not participating in the inspection program. For those ATMs that opt in, the sticker would indicate that the terminal was being inspected daily; for those that opted out, the sticker would have to include a 'use at your own risk' type message. The new law would effectively create a mandatory registration program for ATMs in the state - carrying a $1,000/day fine for violations.
Current Status/Action
A-4346, a bill to implement a daily skimming detection inspection and sticker program for all NJ ATMs, was recently passed on an 11-0 unanimous vote (2 not voting) by the Financial Institutions and Insurance Committee of the NJ State Assembly. A copy of the bill can be viewed HERE.
Unanimous passage of this Bill by the Committee - with no other Committee referrals at this time - indicates the measure is poised for passage by the Assembly in short order. Although there does not appear to be a companion measure in the Senate - the Senate could always take up the House bill and pass it - or amend it and send it back to the House for final passage.
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