7-16a-102. Definitions.

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

As used in this chapter:

(1)"Automated teller machine" means an electronic information processing device that:

(a)is readily accessible to the general public; and

(b)on behalf of an issuer:

(i)dispenses currency or coin; or

(ii)accepts deposits or payments.

(2)"Customer" means a user of a device for access.

(3)"Device for access" means a card, code, or other means of access to a customer's account, or any combination of these, that may be used to deposit or withdraw cash through an automated teller machine.

(4)"Electronic information processing device" means equipment activated by a device for access that transmits electronic impulses to a depository institution on a real-time or delayed-time basis.

(5)"Issuer" means:

(a)a depository institution that issues a device for access, whether or not the depository institution is an operator; or

(b)a state or federal governmental agency that issues a device for access that allows a person to receive benefits from or through the state or federal governmental agency.

(6)"Point-of-sale terminal" means an electronic information processing device controlled by or accessible to a merchant or other provider of goods or services that authorizes:

(a)in payment for goods or services, a debit or credit to a customer's account at:

(i)a depository institution; or

(ii)a state or federal governmental agency; and

(b)the merchant or other provider of goods or services to dispense currency or coin to a customer.

(7)"Operator" means an institution that:

(i)is a depository institution;

(ii)is a depository institution holding company; or

(iii)is an institution directly or indirectly owned or controlled by one or more depository institutions or depository institution holding companies; and

(b)owns or contracts with an owner of an automated teller machine to operate the automated teller machine.

Enacted by Chapter 111 , 1997 General Session