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    Subdivision 1. Scope. For the purposes of sections 47.61 to 47.74, unless the context requires
otherwise, the following terms shall have the meanings given them.
    Subd. 2. Commissioner. "Commissioner" means the commissioner of commerce.
    Subd. 3. Electronic financial terminal. (a) "Electronic financial terminal" means an
electronic information processing device that is established to do either or both of the following:
(1) capture the data necessary to initiate financial transactions; or
(2) through its attendant support system, store or initiate the transmission of the information
necessary to consummate a financial transaction.
(b) "Electronic financial terminal" does not include:
(1) a telephone;
(2) an electronic information processing device that is used internally by a financial
institution to conduct the business activities of the institution;
(3) an electronic point-of-sale terminal operated by a retailer that is used to process
payments for the purchase of goods and services by consumers, and which also may be used to
obtain cash advances or cash back not to exceed $25 and only if incidental to the retail sale
transactions, through the use of credit cards or debit cards, provided that the payment transactions
using debit cards are subject to the federal Electronic Funds Transfer Act, United States Code,
title 12, sections 1693 et seq., and Regulation E of the Federal Reserve Board, Code of Federal
Regulations, title 12, subpart 205.2; this clause does not exempt the retailer from liability for
negligent conduct or intentional misconduct of the operator under section 47.69, subdivision 5;
(4) stored-value cards to only process transactions other than those authorized by this
section. Stored-value cards are transaction cards having magnetic stripes or computer chips that
enable electronic value to be added or deducted as needed; or
(5) a personal computer possessed by and operated exclusively by the account holder.
    Subd. 4. Financial institution. "Financial institution" means a national banking association,
federal savings association, or federal credit union having its main office in this state, or a bank,
savings bank, savings association, credit union, industrial loan and thrift company, or regulated
lender under chapter 56 established and operating under the laws of this state.
    Subd. 4a. Minnesota transmission facility. "Minnesota transmission facility" means: (1) a
transmission facility which is owned or controlled by financial institutions located in Minnesota;
(2) a transmission facility owned or controlled by a bank holding company or savings and loan
holding company if domiciled or headquartered in Minnesota; or (3) a transmission facility
established in Minnesota and approved by the commissioner under section 47.65, subdivision 1,
as of August 1, 1990.
    Subd. 5.[Repealed, 1983 c 102 s 3]
    Subd. 6. Retailer. "Retailer" means a person primarily engaged in the business of selling
goods or services to consumers or a person who owns or operates a mall area.
    Subd. 7. Transmission facility. "Transmission facility" means the electronic system which
is used to forward from one financial institution, its affiliate, or agent, to one or more financial
institutions, their affiliates, or agents, financial transaction data originating from an electronic
financial terminal and its attendant support system.
History: 1978 c 469 s 1; 1983 c 252 s 1; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s
92; 1987 c 41 s 1; 1990 c 491 art 3 s 1; 1995 c 202 art 1 s 25; art 2 s 7; 1996 c 414 art 1 s
11; 1997 c 157 s 17