(p) Service provider means any person that provides a material service to a covered person in connection with the offering or provision by such covered person of a consumer financial product or service, including a person that—
- (1) Participates in designing, operating, or maintaining the consumer financial product or service; or
- (2) Processes transactions relating to the consumer financial product or service (other than unknowingly or incidentally transmitting or processing financial data in a manner that such data is undifferentiated from other types of data of the same form as the person transmits or processes);
(3) The term “service provider” does not include a person solely by virtue of such person offering or providing to a covered person:
- (i) A support service of a type provided to businesses generally or a similar ministerial service; or
- (ii) Time or space for an advertisement for a consumer financial product or service through print, newspaper, or electronic media.
- (4) A person that is a service provider shall be deemed to be a covered person to the extent that such person engages in the offering or provision of its own consumer financial product or service.