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New York · Through 2026-09-11

N.Y. General Business Law § 529: Definitions

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Where this section sits in the code
  1. General Business Law
  2. Article 29-BBB. Credit and Debit Cards

§ 529. Definitions. For the purposes of this article, the following

terms shall have the following meanings:

1. "Merchant acquirer" means an entity that establishes a relationship

with a merchant for the purposes of processing credit, debit, or prepaid

transactions.

2. "Payment card network" means an entity that provides services that

route transactions between participants on the network to conduct debit,

credit, or prepaid transactions for the purpose of authorization,

clearance, or settlement.

3. "Person" includes an individual, corporation, partnership or

association, two or more persons having a joint or common interest or

any other legal or commercial entity.

4. "Issuer" means a person who issues a credit card or a debit card.

Collected 2026-09-14T19:32:44Z. Source file · JSON

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