All electronic fund transfers that (i) are interchange transactions and (ii) are initiated at a terminal in connection with payment for goods and services shall be transmitted to a financial institution through a network.
205 ILCS 616/40
Transmission through a network
Known as the Electronic Fund Transfer Act
The act spans §§ 205-616-1 to 205-616-97 (26 sections).
P.A. 89-310, eff. 1-1-96.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.