2019 US Virgin Islands Code
Title 9 - Banking
Chapter 11A - Consumer Funds Transfer Facilities
§ 132. Definitions

(a) “Consumer funds transfer facility” means an automated teller machine, including any supporting equipment, structures, or systems;

(b)

• (1) “Automated Teller Machine” means an unmanned, free-standing electronic information processing device that uses either the direct transmission of electronic impulses or the recording of electronic impulses or other indicia of a transaction for delayed transmission in order to perform financial transactions, or any other electronic device that, operating in conjunction with a processor and network, allows a consumer to debit an account in exchange for dispensing cash but does not mean a point of sale device.

• (2) “Nonbank automated teller machine” means an automated teller machine owned or operated by any person other than a bank or foreign bank.

(c) “Financial transaction” means cash withdrawals, deposits, account transfers, payments from deposit, loan or thrift accounts, disbursements under a pre-authorized credit agreement, or loan payments and other similar transactions.

(d) “Office” means the Office of the Lieutenant Governor, Division of Banking, Insurance and Financial Regulation.

(e) “Network” means a person engaging primarily in the establishment and maintenance of a computer-operated system of transmitting items and messages between banks, processors and automated teller machines or similar electronic devices.

(f) “Nonbank operator” means any person other than a bank or foreign bank that owns, leases, or otherwise legally controls an automated teller machine.

(g) “Processor” means a person who electronically acquires financial data emanating from a nonbank automated teller machine and relays such data to a network.

(h) “Servicing agent” means a person who contracts with a nonbank operator to provide consumer relations, financial record keeping or similar services in regard to an automated teller machine.