N.Y. Comp. Codes R. & Regs. Tit. 3 § 73.2 - Definitions
For the purposes of this Part:
(a) Electronic facilities shall mean
automated teller machines, point-of-sale terminals, and similar facilities at
which the banking business may be conducted. Such term shall not include home
banking terminals, telexes and similar equipment.
(b) Automated teller machines shall mean
electronic devices, either on-line or off-line, which permit deposits,
withdrawals, transfers of funds from one account to another, loan repayments or
disbursements of funds pursuant to prearranged lines of credit. Except for
facilities staffed for the purposes cited in section
73.7
of this Part, they shall not include staffed facilities.
(c) Point-of-sale terminals shall mean
electronic devices, either on-line or off-line, whose function is to transfer
funds or record transfers of funds in connection with the sale of goods or
services but which may also be used to accept deposits and loan repayments,
make cash withdrawals, and obtain funds pursuant to prearranged lines of
credit. These terminals may be located only at bona fide checkout counters,
cashier stations, customer convenience counters or other counters at which
store functions are performed, or sales desks of other establishments, and may
not be staffed by bank employees, with the exceptions noted in section
73.7
of this Part.
(d) Similar
facilities shall mean electronic devices, either on-line or off-line, which may
be used for making deposits, withdrawals, transfers of funds, loan repayments
or disbursements of funds pursuant to prearranged lines of credit. Except as
otherwise provided in section
73.7
of this Part, such facilities, if part of a store's bona fide customer
convenience counter or other counter at which store functions are performed, or
sales desks of other establishments, may be staffed but only by nonbank
employees; if located anywhere else, they may not be staffed.
(e) Banking organizations shall mean banks,
trust companies, savings banks, savings and loan associations, and out-of-state
state bank with one or more branches in New York.
Notes
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