Payment Card Law and Legal Definition

A payment card refers to a credit card, charge card, debit card, or any other card that is issued to an authorized card user and that allows the user to obtain, purchase, or receives goods, services, money, or anything else of value from a merchant.

The following is an example of a case law on payment card:

Credit, T & E, and debit cards will all be referred to as payment cards. [Paycom Billing Servs. v. MasterCard Int'l, Inc., 2005 U.S. Dist. LEXIS 4920 (D.N.Y. 2005)].