As used in this part: “Agreement” means a contract to provide payment services; “Bank holding company”: Has the same meaning as defined in 12 U.S.C. § 1841; Includes any subsidiaries or affiliates, as defined in 12 U.S.C. § 1841, of a bank holding company; and Includes any federal credit union or state credit union, as […]
Any payment acquirer that contracts directly with a merchant to provide payment services shall: Provide the merchant with information indicating where the merchant may obtain access to the operating rules, regulations, and bylaws applicable under the agreement with the merchant; provided, however, nothing in this subdivision (1) shall require access by the merchant to information […]
If a payment acquirer fails to comply with § 47-22-402, the merchant may terminate the agreement; provided, however, prior to terminating the agreement, the merchant shall provide the payment acquirer written notice of the payment acquirer’s failure to comply with § 47-22-402. The notice required by this subsection (a) shall specify the information the merchant […]
Except as otherwise provided in subsection (b), any person that contracts with a merchant to lease a device that enables credit card, debit card, or other payment card processing shall ensure that the written contract between the payment processor and merchant clearly and conspicuously includes the following information: The cost to lease the device on […]
If a person fails to comply with § 47-22-404, the merchant may terminate the contract with the person to lease a device that enables credit card, debit card, or other payment card processing.
