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Can you summarize NERS 8-2710?

BANKS AND BANKING > Electronic instrument, defined.

Short Summary

Electronic instrument means a card or other tangible object for the transmission or payment of money that contains a microprocessor chip, magnetic strip, or other means for the storage of information, that is prefunded, and the value of which is decremented upon each use. Electronic instrument does not include a card or other tangible object that is redeemable by the issuer or its affiliates in goods or services of the issuer or its affiliates. Source: Laws 2013, LB616, 10.

Jurisdiction

Nebraska

Source
NERS 8-2710 [https://reggi.cloud.regology.com/regulations/US-NERS/US-NERS_C_8_S_2710]