Statute · New York General Business Law
N.Y. Gen. Bus. Law § 529 — Definitions
N.Y. Gen. Bus. Law § 529
- Type
- Statute
- Source
- New York General Business Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 529. Definitions. For the purposes of this article, the following terms shall have the following meanings:
Citator
N.Y. Gen. Bus. Law § 529 — Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
§ 529. Definitions. For the purposes of this article, the following terms shall have the following meanings:
1. "Merchant acquirer" means an entity that establishes a relationship with a merchant for the purposes of processing credit, debit, or prepaid transactions.
2. "Payment card network" means an entity that provides services that route transactions between participants on the network to conduct debit, credit, or prepaid transactions for the purpose of authorization, clearance, or settlement.
3. "Person" includes an individual, corporation, partnership or association, two or more persons having a joint or common interest or any other legal or commercial entity.
4. "Issuer" means a person who issues a credit card or a debit card.