Definitions.

CFR · 2024-01-01 · US · Title 12

For purposes of this part: (a) (2) Does not include an account held under a bona fide trust agreement that is excluded by section 903(2) of the Electronic Fund Transfer Act and rules prescribed thereunder. (b) (c) (d) (e) (1) Ownership, control, or power to vote 25 percent or more of the outstanding shares of any class of voting security of the company, directly or indirectly, or acting through one or more other persons; (2) Control in any manner over the election of a majority of the directors, (3) The power to exercise, directly or indirectly, a controlling influence over the management or policies of the company, as the Board determines. (f) (2) Includes any general-use prepaid card; and (3) Does not include— (i) Any card, or other payment code or device, that is redeemable upon presentation at only a single merchant or an affiliated group of merchants for goods or services; or (ii) A check, draft, or similar paper instrument, or an electronic representation thereof. (g) (1) All ATMs identified in the name of the issuer; or (2) Any network of ATMs identified by the issuer that provides reasonable and convenient access to the issuer's customers. (h) (2) Does not include transactions initiated at an ATM, including cash withdrawals and balance transfers initiated at an ATM. (i) (1) Issued on a prepaid basis in a specified amount, whether or not that amount may be increased or reloaded, in exchange for payment; and (2) Redeemable upon presentation at multiple, unaffiliated mer

official document · source cfr-2024 · id 12:§ 235.2