stored value instrument definition
stored value instrument means an instrument in the form of a prepaid card or other portable device, for which prefunded value is recorded on the instrument, or on a remote database which must be accessed for payment authorization;
stored value instrument means a card or other tangible object for the transmission or payment of money or other value which contains a microprocessor chip, magnetic stripe, or other means for the storage of information, which is prefunded, and of which the value is generally decreased with each use. The term does not include a card or other tangible object that is redeemable by the issuer in the issuer's goods or services.
stored value instrument means an instrument in the form of a prepaid card or other portable device for which prefunded value is recorded on the payment instrument or