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What is NYC RCNY § 2-403?

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(a) A licensee shall make arrangements to accept payment in person by credit cards at least two of which shall be general purpose cards that are issued by two separate issuers, each of whom is a member of a different national credit card interchange system such as VISA or MasterCard. (b) Every licensee shall make arran

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§ 2-403 Acceptable Business Practices for Payment by Credit Cards.

RCNY § 2-403

(a)A licensee shall make arrangements to accept payment in person by credit cards at least two of which shall be general purpose cards that are issued by two separate issuers, each of whom is a member of a different national credit card interchange system such as VISA or MasterCard.

(b)Every licensee shall make arrangements to enable such licensee or other person authorized to accept payment to complete a credit card transaction for accepting payment by credit card at the location of the booted vehicle. Such licensee or other person authorized to accept payment shall include on a charge account form only such information as is required to complete the credit card transaction pursuant to the rules of the credit card interchange system to which the card issuer belongs.

(c)A licensee or other person authorized to accept payment can only refuse to accept payment by credit card if the transaction is not approved in accordance with the approval procedures of the credit card interchange system for the credit card offered by the owner or other person in charge of the booted vehicle.

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