Definitions

9 V.I.C. § 132 — under Consumer Funds Transfer Facilities.

9 V.I.C. § 132

(a) As used in this chapter, unless the text otherwise requires:(a) “Consumer funds transfer facility” means an automated teller machine, including any supporting equipment, structures, or systems;(b) (1) “Automated Teller Machine” means an unmanned, free-standing electronic information processing device that uses either the direct transmission of electronic impulses or the recording of electronic impulses or other indicia of a transaction for delayed transmission in order to perform financial transactions, or any other electronic device that, operating in conjunction with a processor and network, allows a consumer to debit an account in exchange for dispensing cash but does not mean a point of sale device.(2) “Nonbank automated teller machine” means an automated teller machine owned or operated by any person other than a bank or foreign bank.(c) “Financial transaction” means cash withdrawals, deposits, account transfers, payments from deposit, loan or thrift accounts, disbursements under a pre-authorized credit agreement, or loan payments and other similar transactions.(d) “Office” means the Office of the Lieutenant Governor, Division of Banking, Insurance and Financial Regulation.(e) “Network” means a person engaging primarily in the establishment and maintenance of a computer-operated system of transmitting items and messages between banks, processors and automated teller machines or similar electronic devices.(f) “Nonbank operator” means any person other than a bank or foreign bank that owns, leases, or otherwise legally controls an automated teller machine.(g) “Processor” means a person who electronically acquires financial data emanating from a nonbank automated teller machine and relays such data to a network.(h) “Servicing agent” means a person who contracts with a nonbank operator to provide consumer relations, financial record keeping or similar services in regard to an automated teller machine.

(a) “Consumer funds transfer facility” means an automated teller machine, including any supporting equipment, structures, or systems;

(b) (1) “Automated Teller Machine” means an unmanned, free-standing electronic information processing device that uses either the direct transmission of electronic impulses or the recording of electronic impulses or other indicia of a transaction for delayed transmission in order to perform financial transactions, or any other electronic device that, operating in conjunction with a processor and network, allows a consumer to debit an account in exchange for dispensing cash but does not mean a point of sale device.(2) “Nonbank automated teller machine” means an automated teller machine owned or operated by any person other than a bank or foreign bank.

(1) “Automated Teller Machine” means an unmanned, free-standing electronic information processing device that uses either the direct transmission of electronic impulses or the recording of electronic impulses or other indicia of a transaction for delayed transmission in order to perform financial transactions, or any other electronic device that, operating in conjunction with a processor and network, allows a consumer to debit an account in exchange for dispensing cash but does not mean a point of sale device.

(2) “Nonbank automated teller machine” means an automated teller machine owned or operated by any person other than a bank or foreign bank.

(c) “Financial transaction” means cash withdrawals, deposits, account transfers, payments from deposit, loan or thrift accounts, disbursements under a pre-authorized credit agreement, or loan payments and other similar transactions.

(d) “Office” means the Office of the Lieutenant Governor, Division of Banking, Insurance and Financial Regulation.

(e) “Network” means a person engaging primarily in the establishment and maintenance of a computer-operated system of transmitting items and messages between banks, processors and automated teller machines or similar electronic devices.

(f) “Nonbank operator” means any person other than a bank or foreign bank that owns, leases, or otherwise legally controls an automated teller machine.

(g) “Processor” means a person who electronically acquires financial data emanating from a nonbank automated teller machine and relays such data to a network.

(h) “Servicing agent” means a person who contracts with a nonbank operator to provide consumer relations, financial record keeping or similar services in regard to an automated teller machine.