Acceptance by taxicab motor carrier or limousine operator of credit cards or debit cards for payment of rates, fares or charges: Agreement; regulations concerning maximum convenience fee; certain acts by issuers prohibited.

1. A taxicab motor carrier or an operator of a limousine may enter into a contract with an issuer of credit cards and debit cards to provide for the acceptance of credit cards or debit cards by the taxicab motor carrier or the operator of a limousine for the payment of rates, fares and charges owed to the taxicab motor carrier or the operator of a limousine. 2. The Authority may prescribe by regulation or order the maximum fee that a taxicab motor carrier or an operator of a limousine may charge a customer for the convenience of using a credit card or debit card to make payment to the taxicab motor carrier or the operator of a limousine. In prescribing such fees, the Authority may consider the expenses incurred by the taxicab motor carrier or the operator of a limousine 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. An issuer shall not, by contract or otherwise: (a) Prohibit a taxicab motor carrier or an operator of a limousine from charging and collecting a fee authorized pursuant to subsection 2; or (b) Require a taxicab motor carrier or an operator of a limousine to waive the right to charge and collect a fee authorized pursuant to subsection 2. 4. 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 a taxicab motor carrier, an operator of a limousine or other person to enable or facilitate the acceptance of a credit card or debit card. (Added to NRS by 2011, 3657)