Stored value means monetary value that is evidenced by an electronic record.
Stored value means monetary value that is evidenced by an electronic record.representing a claim against the issuer evidenced by an electronic or digital record, and that is intended and accepted for use as a means of redemption for money or monetary value, or payment for goods or services. The term includes, but is not limited to, “prepaid access” as defined by 31 C.F.R. Section 1010.100, as amended or recodified from time to time. Notwithstanding the foregoing, the term “stored value” does not include a payment instrument or closed loop stored value, or stored value not sold to the public but issued and distributed as part of a loyalty, rewards, or promotional program.
Stored value means any electronically (including magnetically) stored monetary value as represented by a claim on the issuer which is issued on receipt of funds or other assets for the purpose of making Payment Transactions, but does not include monetary value that can be used only to pay for goods or services referred to in Rule 2.6.4.
Examples of Stored value in a sentence
Stored Value not eligible for discounted when added to TAP cards.
More Definitions of Stored value
Stored value means monetary value representing a claim against the issuer that is
Stored value means monetary value that is evidenced by an
Stored value means monetary value that is evidenced by an electronic record. For the purposes of this subdivision, "electronic record" means information that is stored in an electronic medium and is retrievable in perceivable form.
Stored value means monetary value representing a claim
Stored value means the initial monetary value paid for and stored in the ez‑link stored value facility on the Citibank SMRT debit card or the residual value remaining therein from time to time, which value shall not a any time exceed $100 or such other amount as EZ‑Link may stipulate from time to time.
Stored value means a monetary value that is loaded directly onto a valid stored value card. One or more units of the value stored on the card may be consumed at the time the card is used based on the fare calculation rules. Any residual values may remain on the card until they are consumed from time to time.
Stored value means a card or other device that