2011 Vermont Code
Title 09 Commerce and Trade
Chapter 63 CONSUMER FRAUD
§ 2480o Definitions
§ 2480o. Definitions
For purposes of 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.)
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