The Fair and Accurate Credit Transactions Act: ____________________________.
A) Establishes the same type of legal parity between electronic records and paper records
B) Is a federal act designed to deal with problems associated with cyber-commerce
C) Prohibits merchants from using credit card receipts that show anything other than the last five credit card numbers
D) Is a federal amendment to the Uniform Electronic Transactions Act

Question

Quizplus · Accepted Answer

Receipts also cannot display credit card expiration dates. In effect, because the act outlaws such numerical displays, identity thieves will no longer be able to assume the identity of a consumer by obtaining a copy of a credit card receipt and using the credit card number and expiration date on the receipt to "verify their identity" over the phone or online.