Sec. 1. As used in this chapter, “electronic funds transfer” means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, that is initiated through an electronic terminal, a telephone, or a computer or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an account.

[Pre-2004 Recodification Citation: 33-17-1-4.1.]

As added by P.L.98-2004, SEC.11.