Financial transaction device definition

Financial transaction device means any of the following:
Financial transaction device means that term as defined in section 157m of the Michigan penal code, 1931 PA 328, MCL 750.157m.
Financial transaction device or “FTD” means any card and any other financial transaction device, such as a stored value card, “smart” card or other evolutionary financial transaction device used for the purpose of obtaining credit or debiting consumer accounts, that is now or hereafter effected through transactions with Processing Customers.

Examples of Financial transaction device in a sentence

  • Financial transaction device" includes a credit card, debit card, charge card, prepaid or stored value card, or automated clearinghouse network credit, debit, or e-check entry that includes, but is not limited to, accounts receivable and internet-initiated, point of purchase, and telephone-initiated applications , or any other device or method for making an electronic payment or transfer of funds.

  • If the violation is a third or subsequent violation of subsection (1), by imprisonment for not more than 15 years or a fine of not more than $75,000.00, or both.(6) As used in this section:(a) "Financial transaction device" means that term as defined in section 157m.(b) "Personal identifying information" means that term as defined in section 3 of the identity theft protection act, 2004 PA 452, MCL 445.63.

  • Financial transaction device" has the same meaning as in division (A) of section 113.40 of the Revised Code.

  • Financial transaction device (any instrument or device such as a credit card, banking card, debit card, electronic fund transfer card, guaranteed check card, or account number representing a financial account).

  • Financial transaction device" includes a credit card, debit card, charge card, prepaid or stored value card, or automated clearinghouse network credit, debit, or e-check entry that includes, but is not limited to, accounts receivable and internet-initiated, point of purchase, and telephone-initiated755756757758759applications , or any other device or method for making an electronic payment or transfer of funds.


More Definitions of Financial transaction device

Financial transaction device means that term as defined in section 157m.
Financial transaction device means any instrument or device whether known as a credit card, banking card, debit card, electronic fund transfer card, or guaranteed check card, or account number representing a financial account or affecting the financial interest, standing, or obligation of or to the account holder, that can be used to obtain cash, goods, property, or services or to make financial payments.
Financial transaction device or "FTD" means account access or financial transaction devices whatever their form factor, including but not limited to cards, electronic checks, fobs, mobile phones, or other devices utilizing NFC, RFID, WAP or similar, evolutionary technology, used for the purpose of obtaining credit or debiting accounts, that are now or hereafter utilized in effecting credit or debit transactions with merchants.
Financial transaction device means any of the following: (1) An electronic funds transfer card.
Financial transaction device or "FTD" means any Card and any other financial transaction device, such as a stored value card or "smart" card, that is used for the purpose of obtaining credit or debiting consumer accounts at the point of sale and is effected through transactions with merchants, and other reasonably related products and services provided pursuant or ancillary to or in connection with transactions effected pursuant to the rules and regulations, to the extent applicable, of one or more Payment Networks.