SECTION 4. DEFINITIONS

For purposes of this revenue procedure, the following definitions apply:

.01 Cardholder. A cardholder is the payor for payments made to a merchant/payee through a payment card.

.02 Merchant. A merchant is a payee that has entered into an agreement with a pay

ment card organization, or a member or affiliate, to accept the organization’s payment card as payment for goods and services.

.03 Payment card. A payment card is a card (or an account) issued by a payment card organization, or one of its members or affiliates, to a cardholder/payor which, upon presentation to a merchant/payee, represents an agreement of the cardholder to pay the merchant through the payment card organization.

.04 Payment card organization. A payment card organization is an entity that sets the standards and provides the mechanism, either directly or indirectly through members and affiliates, for effectuating payment between a purchaser and a merchant in a payment card transaction. A payment card organization generally provides such a payment mechanism by issuing payment cards, enrolling merchants as authorized acceptors of payment cards for payment for goods or services, and ensuring the system conducts the transactions in accordance with prescribed standards.

.05 Qualified Payment Card Agent (QPCA) . A QPCA is a payment card organization that has a current QPCA determination from the IRS. A person acting in its capacity as a QPCA does not act as an agent of the IRS, nor does it have the authority to hold itself out as an agent of the IRS.