Chapter 55 of the General Laws is hereby amended by inserting after section 9A, as appearing in the 2018 Official Edition, the following section:-
Section 9A ½. (a) As used in this section, the following terms shall, unless the context clearly requires otherwise, have the following meanings:-
“Merchant account”, an electronic payment processor that enables a person to accept credit and debit card transactions online for contributions.
“Person”, an individual, candidate or political committee, or person acting on behalf of an individual, candidate or political committee.
“Third–party payment processor”, an online service in which payments for contributions to a person are made to the processor’s merchant account rather than to the person‘s own merchant account.
(b) If a contribution to a person is made through a third-party payment processor, the third–party payment processor shall automatically transfer the contribution to the designated campaign account of the person.
(c) The third-party payment processor shall convey to the person information on contributions received in accordance with section 2 on a weekly basis.
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