1. Short title
This Act may be cited as the “Touchless Transactions Act of 2020”.
Touchless Transactions Act of 2020
A BILL
To amend the Electronic Fund Transfer Act to allow for touchless transactions, and for other purposes.
2. Touchless transactions
Section 921 of the Electronic Fund Transfer Act (15 U.S.C. 1693o–2, relating to “Reasonable fees and rules for payment card transactions”) is amended by adding at the end the following new section:
“(e) Touchless transactions
“(1) In general—Any person who allows for a swipe, dip, or tap transaction to initiate an electronic fund transfer that is a point-of-sale transfer shall not be required to capture a signature of an individual.
“(2) Enforcement—Notwithstanding any other provision of this title, the Federal Trade Commission shall be authorized to enforce the requirements of this subsection in the manner provided under section 918(c).”