Cash Back: This is a loose industry phrase. For credit cards it often refers to cash back paid to the cardholder as a part of a loyalty or awards program. For Gift Cards and Stored Value Cards, it refers to the ability redeem the Card for cash instead of being required to purchase goods and services or it refers to the ability of the Cardholder to request cash back off a Card when the cards are used resulting in a remaining and often low balance. For Cards, cash back is regulated by Consumer Protection Laws, commonly known as Cash Back Regulations. Cash Back also impacts the application of Unclaimed Property Laws, Money Transmitter Laws, and Anti-Money Laundering Regulations.
