Directs State Treasurer to establish State Government Electronic Payment Security Standards.

This bill requires New Jersey's State Treasurer to create and implement electronic payment security standards for all state government transactions using credit, debit, or charge cards at point-of-sale terminals. It directly affects state agencies, departments, and contractors handling public benefit payments or state financial transactions. Key provisions include establishing standards within six months of enactment (with full tech upgrades by 18 months), requiring EMV chip technology as the minimum security standard until new rules are issued, and mandating biennial reviews to address new fraud threats. The standards apply to all state electronic payment systems, including terminals for public benefits programs, to enhance transaction security for residents.