Page:United States Statutes at Large Volume 124.djvu/2099

124 STAT. 2073 PUBLIC LAW 111–203—JULY 21, 2010 ‘‘(3) LIMITATION ON RESTRICTIONS ON SETTING TRANSACTION MINIMUMS OR MAXIMUMS.— ‘‘(A) IN GENERAL.—A payment card network shall not, directly or through any agent, processor, or licensed member of the network, by contract, requirement, condi- tion, penalty, or otherwise, inhibit the ability— ‘‘(i) of any person to set a minimum dollar value for the acceptance by that person of credit cards, to the extent that — ‘‘(I) such minimum dollar value does not dif- ferentiate between issuers or between payment card networks; and ‘‘(II) such minimum dollar value does not exceed $10.00; or ‘‘(ii) of any Federal agency or institution of higher education to set a maximum dollar value for the accept- ance by that Federal agency or institution of higher education of credit cards, to the extent that such max- imum dollar value does not differentiate between issuers or between payment card networks. ‘‘(B) INCREASE IN MINIMUM DOLLAR AMOUNT.—The Board may, by regulation prescribed pursuant to section 553 of title 5, United States Code, increase the amount of the dollar value listed in subparagraph (A)(i)(II). ‘‘(4) RULE OF CONSTRUCTION:.—No provision of this sub- section shall be construed to authorize any person— ‘‘(A) to discriminate between debit cards within a pay- ment card network on the basis of the issuer that issued the debit card; or ‘‘(B) to discriminate between credit cards within a pay- ment card network on the basis of the issuer that issued the credit card. ‘‘(c) DEFINITIONS.—For purposes of this section, the following definitions shall apply: ‘‘(1) AFFILIATE.—The term ‘affiliate’ means any company that controls, is controlled by, or is under common control with another company. ‘‘(2) DEBIT CARD.—The term ‘debit card’— ‘‘(A) means any card, or other payment code or device, issued or approved for use through a payment card network to debit an asset account (regardless of the purpose for which the account is established), whether authorization is based on signature, PIN, or other means; ‘‘(B) includes a general-use prepaid card, as that term is defined in section 915(a)(2)(A); and ‘‘(C) does not include paper checks. ‘‘(3) CREDIT CARD.—The term ‘credit card’ has the same meaning as in section 103 of the Truth in Lending Act. ‘‘(4) DISCOUNT.—The term ‘discount’— ‘‘(A) means a reduction made from the price that cus- tomers are informed is the regular price; and ‘‘(B) does not include any means of increasing the price that customers are informed is the regular price. ‘‘(5) ELECTRONIC DEBIT TRANSACTION.—The term ‘electronic debit transaction’ means a transaction in which a person uses a debit card. ‘‘(6) FEDERAL AGENCY.—The term ‘Federal agency’ means—