Texas Business & Commerce Code

§ 508.001 — DEFINITIONS

BC § 508.001Title 11. PERSONAL IDENTITY INFORMATION · Part A. IDENTIFYING INFORMATION · Ch. 508. REQUIRING VERIFICATION OF IDENTITY FOR CERTAIN CARD TRANSACTIONS

Statute text

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In this chapter:

(1)"Cardholder" means the person named on the face of a credit card or debit card to whom or for whose benefit the credit card or debit card is issued.

(2)"Credit card" means a card or device issued under an agreement by which the issuer gives to a cardholder the right to obtain credit from the issuer or another person.

(3)"Debit card" means a card, device, or other means of access to an individual's account at a financial institution that the individual may use to initiate electronic fund transfers.

(4)"Merchant" means a person in the business of selling goods or services.

(5)"Mobile wallet" means a device that uses an encrypted digital token to authenticate a cardholder's identity and account information.

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Legislative history

Added by Acts 2017, 85th Leg., R.S., Ch. 749 (S.B. 1381), Sec. 1, eff. January 1, 2018.