Ill. Sup. Ct. R. 501
Committee Comments
(June 11, 2009)
Paragraph (b) The Committee defines a credit card or debit card as follows: any instrument or device whether known as a credit card, secured credit card, charge plate, prepaid card, debit card, automated teller machine card, smart card or by any other name issued, with or without fee, by an issuer for the use of the card holder, to obtain credit, money, goods, services, or anything else of value. (Source: Illinois Credit Card and Debit Card Act ( 720 ILCS 250/2.03, 2.15) and Local Governmental Acceptance of Credit Cards Act ( 50 ILCS 345/10)). The Committee defines "electronic fund transfer" as a nonpaper transaction that is electronically processed for the purpose of instructing or authorizing a financial institution to debit an account for the purpose of posting bail consistent with these rules.