1.  A certificate holder may enter into a contract with an issuer of credit cards and debit cards to provide for the acceptance of credit cards or debit cards by the certificate holder for the payment of rates, fares and charges owed to the certificate holder.

Terms Used In Nevada Revised Statutes 706.88355

  • Contract: A legal written agreement that becomes binding when signed.
  • person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039

2.  The Taxicab Authority may prescribe by regulation or order the maximum fee that a certificate holder may charge a customer for the convenience of using a credit card or debit card to make payment to the certificate holder. In prescribing such fees, the Taxicab Authority may consider the expenses incurred by the certificate holder in accepting payment by a credit card or debit card, including, without limitation:

(a) Costs of required equipment and its installation;

(b) Administrative costs of processing credit card or debit card transactions; and

(c) Fees paid to issuers of credit cards or debit cards.

3.  An issuer shall not, by contract or otherwise:

(a) Prohibit a certificate holder from charging and collecting a fee authorized pursuant to subsection 2; or

(b) Require a certificate holder to waive the right to charge and collect a fee authorized pursuant to subsection 2.

4.  As used in this section, ‘issuer’ means a business organization, financial institution or a duly authorized agency of a business organization or financial institution which:

(a) Issues a credit card or debit card; or

(b) Enters into a contract with a certificate holder or other person to enable or facilitate the acceptance of a credit card or debit card.

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