Indiana Code 24-5-27.5-13. “Merchant acquirer”
Current as of: 2024 | Check for updates
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Terms Used In Indiana Code 24-5-27.5-13
- payment card: means :
Indiana Code 24-5-27.5-14
- payment card issuer: means a:
Indiana Code 24-5-27.5-15
- person: means :
Indiana Code 24-5-27.5-18
Sec. 13. As used in this chapter, “merchant acquirer” means a person that establishes a relationship with a merchant to enable the processing of payment card transactions by collecting funds from the payment card issuer in the transaction and depositing them in the merchant’s account.
As added by P.L.132-2024, SEC.4.