1. An operator of a tow car may enter into contracts with issuers of credit cards and debit cards to provide for the acceptance of credit cards and debit cards by the operator of a tow car for the payment of rates, fares and charges owed to the operator of a tow car.
2. The Authority may, as part of its investigation or review of any rates, fares or charges of a tow car operator that are subject to the approval of the Authority, consider the expenses incurred by the operator of a tow car 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. 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 an operator of a tow car or other person to enable or facilitate the acceptance of a credit card or debit card.