Card: This ordinarily refers to the standard plastic card used as a payment vehicle for Gift Cards, GPR Cards, LAP Cards, and the like. The term has also been used to refer to the virtual form of the plastic card which is not a physical card and is sometimes referred to as a Virtual Card. When value is prepaid or loaded on a Card before it is used, it is a Prepaid Card, Stored Value Card, or Prepaid Access Device. In certain statutes and regulations, the term Card, and variants thereof, are defined and the definitions vary depending upon the law or regulation. Among other rules, Cards are subject to regulation by Consumer Protection Laws, Unclaimed Property Statutes, and Anti-Money Laundering Regulations.
