As used in this chapter, “gift card” means a written promise or electronic payment device that: (1) Is usable at a single merchant or an affiliated group of merchants that share the same name, mark, or logo, or is usable at multiple, unaffiliated merchants or service providers; (2) Is issued in a specific amount; (3) May or may not be increased in value or reloaded; (4) Is purchased and/or loaded on a prepaid basis for the future purchase or delivery of any goods or services; and (5) Is honored upon presentation.
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