Sec. 19.5. As used in this chapter, "stored value account" or "stored value card" means any account, card, or device that:
(1) may be used by a holder to:
(A) perform financial transactions; or
(B) obtain, purchase, or receive money, goods, or services;
in an amount or having a value that does not exceed the dollar value of the account, card, or device; and
(2) either:
(A) in the case of a card or similar device, has a magnetic stripe or computer chip that enables dollar values to be electronically added to or deducted from the dollar value of the card; or
(B) in the case of an account, uses an account number unique to the holder for the purposes set forth in subdivision (1).
As added by P.L.10-2006, SEC.54 and P.L.57-2006, SEC.54. Amended by P.L.129-2020, SEC.20; P.L.32-2021, SEC.86.