Indiana Code 24-5-27.5-16. “Payment card network”
Current as of: 2024 | Check for updates
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Sec. 16. As used in this chapter, “payment card network” means an entity that directly, or through licensed members, processors, or agents, provides the proprietary services, infrastructure, and software that:
(2) a merchant or seller uses in order to accept as a form of payment a brand of:
(1) route information and data to conduct debit card or credit card transaction authorization, clearance, and settlement; and
Terms Used In Indiana Code 24-5-27.5-16
- credit card: means any:
Indiana Code 24-5-27.5-3
- debit card: means any:
Indiana Code 24-5-27.5-4
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(A) debit card;
(B) credit card; or
(C) another device that may be used to carry out debit or credit transactions.
As added by P.L.132-2024, SEC.4.