electronic conduit services
Defined in 1 place of the United States Code.
The term “electronic conduit services”—
(A) means the provision, by a person, of electronic data transmission, routing, intermediate or transient storage, or connections to a telecommunications system or network; and
(B) does not include a person that provides electronic conduit services if, when providing such services, the person—
(i) selects or modifies the content of the electronic data;
(ii) transmits, routes, stores, or provides connections for electronic data, including financial data, in a manner that such financial data is differentiated from other types of data of the same form that such person transmits, routes, or stores, or with respect to which, provides connections; or
(iii) is a payee, payor, correspondent, or similar party to a payment transaction with a consumer.
Source
- 2010–present12 U.S.C. § 5481Banks and Banking · Definitions · in this title