Prepaid, gift cards and P2P laws by state

Bills that moved most recently

The 25 open prepaid, gift cards and P2P bills with the latest action. The Payments and Fintech Tracker follows all 56.

• 21 July 2026

  Virginia HB 689: Gift certificates; amends definition, international transactions, fraud reports.

  What it would do: Amends gift certificate definitions and requires merchants to implement a 24-hour hold on gift certificate activation for international transactions. Requires local law enforcement to report gift certificate fraud to the FBI's Internet Crime Complaint Center.

  In committee

• 3 June 2026

  New York S 704: Enacts the New York gift certificate scam prevention act

  What it would do: Requires merchants selling gift certificates in-person to conceal visible card numbers or use anti-tampering technology, mandates employee training on gift certificate scams, and requires third-party resellers of open loop gift certificates to record and maintain transaction details for three years.

  Passed chamber

• 20 May 2026

  Congress S. 4601: Chinese CBDC Prohibition Act of 2026

  What it would do: Prohibits money services businesses, as defined in 31 CFR 1010.100, from engaging in any transaction, directly or indirectly, involving a central bank digital currency issued by the People's Republic of China.

  In committee

• 30 April 2026

  New York A 9557: Relates to mechanisms authorized sports bettors may utilize to fund their mobile sports wagering accounts

  What it would do: Replaces the authorized payment methods for mobile sports wagering accounts with a specific list: automated clearing house transfers, wire transfers, personal checks, debit cards drawn from personal bank accounts, and in-person cash deposits at casinos, while prohibiting operators from extending credit.

  In committee

• 7 April 2026

  Minnesota SF 4366: Unclaimed virtual currency funds and funds held for prepayment of funeral-related expenses regulation

  What it would do: Defines virtual currency and establishes that it is presumed abandoned three years after the owner's last indication of interest. Requires holders to liquidate virtual currency and remit proceeds to the commissioner, and establishes abandonment timelines for prepaid funeral funds.

  Passed committee

• 26 March 2026

  Massachusetts H 1611: An Act relative to gift card fraud

  What it would do: Adds definitions and criminal penalties for gift card fraud, including larceny for acquiring gift card redemption information without consent, forgery for altering gift cards, and larceny for fraudulently using stolen gift cards, with felony charges if value exceeds $1,200 in six months.

  In committee

• 26 March 2026

  Minnesota HF 4524: Banks and credit unions prohibited from charging a fee for electronically depositing a check.

  What it would do: Prohibits state banks from charging a fee to deposit an electronic check and prohibits state credit unions from charging a fee to deposit an electronic check.

  In committee

• 23 March 2026

  Wisconsin AB 894: Relating to: terms and conditions of gift certificates, gift cards, and other gift obligations and providing a penalty.

  What it would do: Prohibits selling gift obligations with expiration dates earlier than 5 years after sale or last reload, and restricts dormancy fees to once monthly only after one year of inactivity with clear disclosure. Provides private right of action for twice the pecuniary loss or $200 per violation, plus attorney fees, and state enforcement authority.

  Passed chamber

• 12 March 2026

  Hawaii SB 2797: Relating to consumer protection.

  What it would do: Establishes gift card fraud prevention requirements for merchants and third-party resellers, including secure packaging, employee training, and transaction record-keeping; extends minimum redemption period for paper gift certificates from two to four years; creates criminal penalties for fraudulent gift card use.

  Passed chamber

• 11 March 2026

  Florida HB 1221: Department of Financial Services

  What it would do: Amends multiple Florida statutes governing the Department of Financial Services, including revisions to the My Safe Florida Home Program and Condominium Pilot Program eligibility requirements, unclaimed property procedures, insurance licensing standards, and financial management systems.

  Passed committee

• 19 February 2026

  New Jersey S 3570: Requires availability of electronic fund transfers by health insurance carriers to reimburse covered persons.

  In committee

• 18 February 2026

  Virginia HB 1431: Gift certificates; redeemable cash value.

  What it would do: Requires Virginia merchants to disclose gift certificate expiration dates and diminishing value information via imprinted statements or contact details, prohibits dormancy and inactivity fees except for award or promotional certificates, and requires redemption of certificates with cash value under $10 for their full cash value.

  In committee

• 21 January 2026

  New York A 9599: Requires certain stores that accept credit or debit card payment to accept flexible benefit cards as a form of payment for eligible items

  What it would do: Requires retail stores that primarily sell food for off-site consumption or include a pharmacy and accept credit or debit cards to also accept flexible benefit cards for eligible items, with civil penalties of $250 for first violations and $500 for subsequent violations within 18 months.

  In committee

• 20 January 2026

  South Carolina H 4613: Sales Tax Swipe Fee Fairness Act

  What it would do: Prohibits credit card payment processors from charging swipe fees on the sales tax portion of retail transactions and requires point-of-sale systems to automatically exclude sales tax from fee calculations.

  In committee

• 13 January 2026

  New Jersey A 1111: Requires Department of Treasury to review and approve digital payment platform.

  In committee

• 13 January 2026

  New Jersey A 1824: Requires availability of electronic fund transfers by health insurance carriers to reimburse covered persons.

  In committee

• 12 January 2026

  Washington HB 1744: Deterring criminal conduct involving gift cards.

  What it would do: Creates new crimes for theft of gift cards, unlawful use of stolen gift cards, and gift card fraud. Establishes penalties ranging from gross misdemeanor to class B felony based on gift card value thresholds of $750 and $5,000.

  In committee

• 7 January 2026

  New York A 5865: Relates to prepaid debit cards

  In committee

• 6 January 2026

  Indiana SB 190: Crimes concerning gift cards.

  What it would do: Establishes the offenses of gift card theft, a Class A misdemeanor (Level 6 felony if prior conviction), and gift card fraud, a Level 6 felony (Level 5 felony if prior conviction). Defines gift card, counterfeit gift card, and gift card redemption information.

  In committee

• 10 November 2025

  Massachusetts H 1111: An Act to require financial institutions to pay late fees when it fails to conduct an electronic transfer

  What it would do: Requires financial institutions to reimburse consumers or pay third parties for fines, penalties, or late charges incurred when the institution fails to process a preauthorized electronic transfer, within 5 days of discovering or being notified of the error, and allows treble damages for willful violations.

  In committee

• 28 October 2025

  Pennsylvania SB 581: An Act amending the act of December 19, 1975 (P.L.604, No.173), entitled "An act to facilitate the use of electronic funds transfer systems by providing that credits to accounts in financial institutions designated by recipients shall satisfy legal requirements for payments by cash or checks," further providing for electronic funds transfers, for consumer protections and for payroll card accounts.

  What it would do: Amends Pennsylvania's electronic funds transfer law to permit employers to pay wages solely by payroll card account if they provide employees 45 days' notice and allow employees to designate an alternative financial institution within 7 days, with restrictions on overdraft fees and requirements for free ATM withdrawals.

  Passed committee

• 28 June 2025

  Oregon HB 3442: Relating to payment facilitation; prescribing an effective date.

  What it would do: Amends ORS 717.210 to add a new exemption from money transmission licensing requirements for persons who facilitate payments through a licensee or regulated financial institution without engaging in money transmission themselves, if payment satisfies the payor's obligation to the payee.

  In committee

• 12 June 2025

  New York S 5500: Relates to peer-to-peer mobile payment service security

  What it would do: Requires peer-to-peer mobile payment services to implement security measures including a minimum four-digit personal identification code, biometric authentication options, monetary transfer limits, and additional verification for suspicious transactions. Services that do not comply are prohibited from operating in New York.

  Passed chamber

• 8 May 2025

  Delaware HB 45: An act to amend title 6 of the delaware code relating to sales of firearms, firearm accessories, and ammunition.

  What it would do: Requires payment card networks to make available the merchant category code for firearms and ammunition businesses to merchant acquirers by July 1, 2025, and requires merchant acquirers to assign this code to firearms merchants by October 1, 2025. Authorizes the Department of Justice to enforce violations with civil fines of $10,000 per violation, injunctive relief, and attorneys' fees.

  Passed committee

• 6 May 2025

  Pennsylvania HB 1067: An Act amending the act of December 17, 1968 (P.L.1224, No.387), known as the Unfair Trade Practices and Consumer Protection Law, providing for notice of gift card scams; and imposing penalties.

  What it would do: Requires retailers to display notices warning purchasers about gift card scams, train employees on identifying fraud, and require photo identification at purchase. Imposes civil penalties of up to $500 for second violations and up to $1,000 for third or subsequent violations.

  Passed committee