(a) In this subtitle the following words have the meanings indicated. (b) (1) "Credit card processor" means a person that processes credit card or electronic commerce transactions on behalf of a business entity for a fee. (2) "Credit card processor" includes: (i) A merchant services provider; (ii) A financial institution; (iii) An independent sales organization; and (iv) Any subsidiary or affiliate of an entity listed in items (i) through (iii) of this paragraph. (c) "Merchant processing agreement" means a contract between a credit card processor and a business entity under which the business entity agrees to pay the credit card processor for processing credit card or electronic commerce transactions on behalf of the business entity.
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