Definitions

(a)Gift card/ gift certificate/ store gift card are defined by 12 CFR 205.

(b)Paper gift card/ gift certificate/ store gift card means any gift card/gift certificate/ store gift card,or similar instrument, that is issued in printed form only, and issued in exchange for monetary consideration when the certificate, card, or similar instrument is redeemable for merchandise, food, or services regardless of whether any cash may be paid to the owner of the certificate, card, or instrument as part of the redemption transaction.

(c)Electronic gift card/ gift certificate/ store gift card are defined by 12 CFR 205.