As used in this chapter, "stored value account" or "stored value card" means any account, card, or device that:

1. (1) may be used by a holder to:

   1. (A) perform financial transactions; or

   2. (B) obtain, purchase, or receive money, goods, or services;

      in an amount or having a value that does not exceed the dollar value of the account, card, or device; and

2. (2) either:

   1. (A) in the case of a card or similar device, has a magnetic stripe or computer chip that enables dollar values to be electronically added to or deducted from the dollar value of the card; or
   2. (B) in the case of an account, uses an account number unique to the holder for the purposes set forth in subdivision (1).

As added by P.L.10-2006, SEC.54 and P.L.57-2006, SEC.54. Amended by P.L.129-2020, SEC.20; P.L.32-2021, SEC.86.