1. (1) Is usable at a single merchant or an affiliated group of merchants that share the same name, mark, or logo, or is usable at multiple, unaffiliated merchants or service providers;
2. (2) Is issued in a specific amount;
3. (3) May or may not be increased in value or reloaded;
4. (4) Is purchased and/or loaded on a prepaid basis for the future purchase or delivery of any goods or services; and
5. (5) Is honored upon presentation.

As used in this chapter, “gift card” means a written promise or electronic payment device that:

History of Section.
P.L. 2023, ch. 167, § 1, effective June 20, 2023; P.L. 2023, ch. 168, § 1, effective June 20, 2023.