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Searching 2021-2022 Session

The Vermont Statutes Online


Title 9 : Commerce and Trade


Subchapter 004 : Prevention of Credit Card Company Unfair Business Practices

(Cite as: 9 V.S.A. § 2480o)
  • § 2480o. Definitions

    As used in this subchapter:

    (1) "Electronic payment system" means an entity that directly or through licensed members, processors, or agents provides the proprietary services, infrastructure, and software that route information and data to facilitate transaction authorization, clearance, and settlement, and that merchants are required to access in order to accept a specific brand of general-purpose credit cards, charge cards, debit cards, or stored-value cards as payment for goods and services.

    (2) "Merchant" means a person or entity that, in Vermont:

    (A)(i) does business; or

    (ii) offers goods or services for sale; and

    (B) has a physical presence. (Added 2009, No. 116 (Adj. Sess.), § 2, eff. Jan. 1, 2011.)