§1005.2. Definitions. — Inbound Citations

(g) is a device, authorization code, personal identification number, or other security measure that makes it possible for a person to convert cash into an electronic (as defined in section 106(2) of the Electronic Signatures in Global and National Commerce Act (15 U.S.C. 7006(2)) form that can be used to add funds to a general-use prepaid card, as defined in Regulation E, 12 CFR 1005.2, or an account with a payment intermediary. For purposes of this definition, a cash reload mechanism is not itself a general-use prepaid debit card or a swipe reload process or similar method in which funds are added directly onto a person's own general-use prepaid card or account with a payment intermediary.

(1) A Regulation E account, which means an account, as defined in Regulation E, 12 CFR 1005.2(b);

(1) has the same meaning as in Regulation E, 12 CFR 1005.2(b).

(1) Except as provided in paragraphs (h)(2) and (3) of this section, the requirements of this subpart, as modified by this section, apply to prepaid accounts as defined in § 1005.2(b)(3), including government benefit accounts subject to § 1005.15, beginning April 1, 2019.

(8) For purposes of this section, “prepaid account” means a prepaid account as defined in § 1005.2(b)(3).

(v) Prepaid account means a prepaid account as defined in Regulation E, 12 CFR 1005.2(b)(3).

(A) Using accounts described in § 1005.2(b)(3)(ii)(A), (C) or (D) of this chapter; or

(A) Using accounts described in § 1005.2(b)(3)(ii)(A), (C) or (D) of this chapter; or

(A) Using accounts described in § 1005.2(b)(3)(ii)(A), (C) or (D) of this chapter; or

(vi) Prepaid account issuer means a financial institution as defined in Regulation E, 12 CFR 1005.2(i), with respect to a prepaid account.

(1) A financial institution, as defined in Regulation E, 12 CFR 1005.2(i);

(A) Electronic fund transfer, including a preauthorized electronic fund transfer as defined in Regulation E, 12 CFR 1005.2(k).