Title 16, Chapter 9, Section 30
As used in this article, the term:
(1) "Acquirer" means a business organization, financial
institution, or an agent of a business organization or financial
institution that authorizes a merchant to accept payment by
financial transaction card for money, goods, services, or anything
else of value.
(2) "Automated banking device" means any machine which when
properly activated by a financial transaction card and personal
identification code may be used for any of the purposes for which
a financial transaction card may be used.
(3) "Cardholder" means the person or organization named on the
face of a financial transaction card to whom or for whose benefit
the financial transaction card is issued by an issuer.
(4) "Expired financial transaction card" means a financial
transaction card which is no longer valid because the term for
which it was issued has elapsed.
(5) "Financial transaction card" or "FTC" means any instrument or
device, whether known as a credit card, credit plate, bank
services card, banking card, check guarantee card, debit card, or
by any other name, issued with or without fee by an issuer for the
use of the cardholder:
(A) In obtaining money, goods, services, or anything else of
(B) In certifying or guaranteeing to a person or business the
availability to the cardholder of funds on deposit that are
equal to or greater than the amount necessary to honor a draft
or check payable to the order of such person or business; or
(C) In providing the cardholder access to a demand deposit
account, savings account, or time deposit account for the
(i) Making deposits of money or checks therein;
(ii) Withdrawing funds in the form of money, money orders, or
traveler's checks therefrom;
(iii) Transferring funds from any demand deposit account,
savings account, or time deposit account to any other demand
deposit account, savings account, or time deposit account;
(iv) Transferring funds from any demand deposit account,
savings account, or time deposit account to any credit card
accounts, overdraft privilege accounts, loan accounts, or any
other credit accounts in full or partial satisfaction of any
outstanding balance owed existing therein;
(v) For the purchase of goods, services, or anything else of
(vi) Obtaining information pertaining to any demand deposit
account, savings account, or time deposit account.
(5.1) "Financial transaction card account number" means a number,
numerical code, alphabetical code, or alphanumeric code assigned
by the issuer to a particular financial transaction card and which
identifies the cardholder's account with the issuer.
(6) "Issuer" means the business organization or financial
institution or its duly authorized agent which issues a financial
(7) "Personal identification code" means a numeric or alphabetical
code, signature, photograph, fingerprint, or any other means of
electronic or mechanical confirmation used by the cardholder of a
financial transaction card to permit authorized electronic use of
that financial transaction card.
(8) "Presenting" means those actions taken by a cardholder or any
person to introduce a financial transaction card into an automated
banking device with or without utilization of a personal
identification code or merely displaying or showing, with intent
to defraud, a financial transaction card to the issuer or to any
person or organization providing money, goods, services, or
anything else of value or to any other entity.
(9) "Receives" or "receiving" means acquiring possession of or
control of or accepting a financial transaction card as security
for a loan.
(10) "Revoked financial transaction card" means a financial
transaction card which is no longer valid because permission to
use it has been suspended or terminated by the issuer.