AN ACT relating to gift cards.
What changed between versions
The definitions section was renumbered and restructured, changing the order of definitions and renumbering items from (1)-(19) to (1)-(18), with some items being removed or combined.
The definition of 'Gift card' was expanded to include both activated and unactivated cards, and clarified that cards issued through purchases or received from willing parties are covered.
The definition of 'Face value' was added as a new definition, establishing a default maximum value of $250 when no value is listed on the card.
The definition of 'Merchant' was modified to clarify that it includes persons who receive payment cards or information from payment cards as instruments for obtaining goods, services, or value.
The definition of 'Payment card' was updated to include charge cards in addition to credit, debit, and other cards that allow users to obtain or receive value from merchants.
The definition of 'Presentation or presents' was modified to include gift cards alongside credit and debit cards when describing actions taken to introduce cards into automated banking devices.
Minor formatting changes including reorganization of line breaks and removal of some bracketed editorial marks from the original draft.