Definitions
This law gives definitions for words used in Missouri laws about credit card fraud. It explains what things like 'credit card,' 'merchant,' 'cardholder,' and other related terms mean when those laws talk about them. These definitions cover physical cards, digital wallet cards, and contactless payment methods.
407.432. Definitions. — As used in sections 407.430 to 407.436, the following terms shall mean:
(1) "", a business organization, , or an of a business organization or financial institution that authorizes a to accept payment by card for ;
(2) "", the person's name on the face of a credit card to whom or for whose the credit card is issued by an or any agent, signatory, or employee of such person;
(3) "", an integrated imbedded in a card that stores data so that the card may use the for transactions;
(4) "", any payment method that uses a contactless smart card, a (NFC) antenna, (RFID) technology, or other method to remotely communicate data to a for transactions;
(5) "", any credit card which is , altered, or , any false representation, depiction, or component of a credit card, or any credit card which is stolen, obtained as part of a scheme to defraud, or otherwise obtained, and which may or may not be embossed with account or a company logo;
(6) "Credit card", any or device, whether known as a credit card, credit , bank card, banking card, check guarantee card, or debit card or by any other name, that is issued with or without a fee by an issuer for the use of the cardholder in obtaining money or merchandise on credit or by transferring payment from the cardholder's checking account or for use in an automated banking device to obtain any of the services offered through the device. The presentation of a credit card account number is to be the presentation of a credit card. Credit card shall include credit or debit cards whose information is stored in a for use in in-app purchases or contactless payments;
(7) "Expired credit card", a credit card for which the expiration date shown on it has passed;
(8) "Issuer", the business organization, financial institution, or agent thereof that issues a credit card;
(9) "Merchandise", any objects, wares, goods, commodities, , , services, or anything else of value;
(10) "Merchant", an owner or of any mercantile , or any agent, employee, , , officer, , , or of such owner or operator. A merchant includes a person who receives from a cardholder, or an individual the person believes to be a cardholder, a credit card or information from a credit card as the instrument for obtaining, purchasing, or receiving goods, services, money, or anything of value from the person;
(11) "Person", any or his , , firm, for-profit or , whether domestic or foreign, company, foundation, trust, or association, and any agent, employee, salesman, partner, officer, director, member, stockholder, associate, or thereof;
(12) "", an electronic device that places encoded information from the chip or of a credit card onto the chip or magnetic strip or stripe of a different credit card;
(13) "", a credit card for which permission to use it has been or terminated by the issuer;
(14) "Scanning device", a scanner, reader, or any other electronic device that is used to access, read, scan, obtain, memorize, or store, temporarily or permanently, information stored in the chip or encoded on the magnetic strip or stripe of a credit card. Scanning device shall include devices used by a merchant for contactless payments.
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Source & history notes
(L. 1991 S.B. 112, A.L. 2002 S.B. 895, A.L. 2018 H.B. 1832)
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.