(1) As used in this subchapter:(1) (A) “Acquirer bank” means a member of a payment card network that contracts with a merchant for the settlement of an electronic payment transaction.(B) “Acquirer bank” includes a bank that contracts directly with a merchant or indirectly through a processor to process an electronic payment transaction;(2) “Ammunition” means the same as defined in 18 U.S.C. § 921, as it existed on January 1, 2025;(3) “Antique firearm” means the same as defined in 18 U.S.C. § 921, as it existed on January 1, 2025;(4) “Authorization” means the process by which a merchant requests approval for an electronic payment transaction from the issuer of a credit card or debit card;(5) “Covered entity” means an entity that establishes a relationship with a retailer for the purposes of processing credit, debit, or prepaid transactions;(6) “Credit card” means a card, plate, coupon book, or other credit device existing for the purposes of obtaining money, property, labor, or services on credit;(7) “Customer” means a person engaged in a payment card transaction that a financial institution facilitates or processes;(8) “Debit card” means a card issued by a financial institution to a consumer for use in initiating an electronic fund transfer from the account of the consumer at the financial institution for the purpose of transferring money between accounts or obtaining money, property, labor, or services;(9) “Depository institution” means:(A) A depository institution as defined in 12 U.S.C. § 1813(c)(1), as it existed on January 1, 2025; or(B) An insured credit union as defined in 12 U.S.C. § 1752(7), as it existed on January 1, 2025;(10) “Electronic payment transaction” means a transaction in which a person uses a debit card, a credit card, or other payment code or device issued or approved through a payment card network to debit a deposit account or use a line of credit, whether or not authorization is based on a signature, personal identification number, or other means;(11) (A) “Financial institution” means an entity involved in facilitating or processing a payment card transaction.(B) “Financial institution” includes:(i) An acquirer bank;(ii) A payment card network;(iii) A payment card issuer;(iv) A depository institution;(v) A trust company;(vi) A savings bank;(vii) A person subject to the jurisdiction of the:(a) United States Securities and Exchange Commission;(b) Bank Commissioner under the Arkansas Banking Code of 1997, § 23-45-101 et seq. — § 23-50-101 et seq.;(c) Securities Commissioner under the Arkansas Securities Act, § 23-42-101 et seq.; or(d) Insurance Commissioner under the Arkansas Insurance Code; or(viii) Any other institution that:(a) Holds and receives deposits, savings, or share accounts;(b) Issues certificates of deposit;(c) Provides to its customers any deposit accounts subject to withdrawal by check, instrument, order, or electronic means to effect third-party payments;(d) Provides insurance services; or(e) Provides investment services;(12) (A) “Firearm” means the same as defined in 18 U.S.C. § 921, as it existed on January 1, 2025.(B) “Firearm” includes:(i) An antique firearm;(ii) A rifle;(iii) A shotgun; and(iv) A handgun;(13) “Firearms retailer” means a person that is:(A) Physically located in Arkansas; and(B) Engaged in the lawful business of selling or trading firearms, firearm accessories or firearm components, or ammunition;(14) (A) “Issuer” means a person issuing a credit card or a debit card.(B) “Issuer” includes an issuer's agent;(15) (A) “Merchant” means a person that accepts credit cards or debit cards from a customer for the purchase of goods or services.(B) “Merchant” includes a firearms retailer that accepts a credit card or a debit card for lawful purchase of a firearm, firearm accessories or firearm components, or ammunition;(16) “Merchant category code” means a code assigned to a retailer based on the types of goods and services offered to a retailer's customers;(17) (A) “Payment card network” means an entity that directly or through a member, processor, or agent provides proprietary services, infrastructure, software, or hardware that routes information used to authorize, clear, and settle credit, debit, or prepaid transactions.(B) “Payment card network” does not include a financial institution that settles a credit, debit, or prepaid transaction directly with a retailer on behalf of a customer;(18) “Person” means an individual, a corporation, an organization, or other legal entity;(19) “Rifle” means the same as defined in 18 U.S.C. § 921, as it existed on January 1, 2025;(20) “Savings bank” means a savings association or federal savings association as defined in 12 U.S.C. § 1462, as it existed on January 1, 2025;(21) “Shotgun” means the same as defined in 18 U.S.C. § 921, as it existed on January 1, 2025; and(22) “Trust company” means:(A) A national bank engaged in activities in a fiduciary capacity under 12 U.S.C. § 92a and 12 C.F.R. Part 9;(B) A trust company as defined in § 23-51-102; or(C) An interstate bank that is authorized under the Arkansas Banking Code of 1997, § 23-45-101 et seq. — § 23-50-101 et seq., to exercise the powers of a trust company in this state.
(1) (A) “Acquirer bank” means a member of a payment card network that contracts with a merchant for the settlement of an electronic payment transaction.(B) “Acquirer bank” includes a bank that contracts directly with a merchant or indirectly through a processor to process an electronic payment transaction;
(A) “Acquirer bank” means a member of a payment card network that contracts with a merchant for the settlement of an electronic payment transaction.
(B) “Acquirer bank” includes a bank that contracts directly with a merchant or indirectly through a processor to process an electronic payment transaction;
(2) “Ammunition” means the same as defined in 18 U.S.C. § 921, as it existed on January 1, 2025;
(3) “Antique firearm” means the same as defined in 18 U.S.C. § 921, as it existed on January 1, 2025;
(4) “Authorization” means the process by which a merchant requests approval for an electronic payment transaction from the issuer of a credit card or debit card;
(5) “Covered entity” means an entity that establishes a relationship with a retailer for the purposes of processing credit, debit, or prepaid transactions;
(6) “Credit card” means a card, plate, coupon book, or other credit device existing for the purposes of obtaining money, property, labor, or services on credit;
(7) “Customer” means a person engaged in a payment card transaction that a financial institution facilitates or processes;
(8) “Debit card” means a card issued by a financial institution to a consumer for use in initiating an electronic fund transfer from the account of the consumer at the financial institution for the purpose of transferring money between accounts or obtaining money, property, labor, or services;
(9) “Depository institution” means:(A) A depository institution as defined in 12 U.S.C. § 1813(c)(1), as it existed on January 1, 2025; or(B) An insured credit union as defined in 12 U.S.C. § 1752(7), as it existed on January 1, 2025;
(A) A depository institution as defined in 12 U.S.C. § 1813(c)(1), as it existed on January 1, 2025; or
(B) An insured credit union as defined in 12 U.S.C. § 1752(7), as it existed on January 1, 2025;
(10) “Electronic payment transaction” means a transaction in which a person uses a debit card, a credit card, or other payment code or device issued or approved through a payment card network to debit a deposit account or use a line of credit, whether or not authorization is based on a signature, personal identification number, or other means;
(11) (A) “Financial institution” means an entity involved in facilitating or processing a payment card transaction.(B) “Financial institution” includes:(i) An acquirer bank;(ii) A payment card network;(iii) A payment card issuer;(iv) A depository institution;(v) A trust company;(vi) A savings bank;(vii) A person subject to the jurisdiction of the:(a) United States Securities and Exchange Commission;(b) Bank Commissioner under the Arkansas Banking Code of 1997, § 23-45-101 et seq. — § 23-50-101 et seq.;(c) Securities Commissioner under the Arkansas Securities Act, § 23-42-101 et seq.; or(d) Insurance Commissioner under the Arkansas Insurance Code; or(viii) Any other institution that:(a) Holds and receives deposits, savings, or share accounts;(b) Issues certificates of deposit;(c) Provides to its customers any deposit accounts subject to withdrawal by check, instrument, order, or electronic means to effect third-party payments;(d) Provides insurance services; or(e) Provides investment services;
(A) “Financial institution” means an entity involved in facilitating or processing a payment card transaction.
(B) “Financial institution” includes:(i) An acquirer bank;(ii) A payment card network;(iii) A payment card issuer;(iv) A depository institution;(v) A trust company;(vi) A savings bank;(vii) A person subject to the jurisdiction of the:(a) United States Securities and Exchange Commission;(b) Bank Commissioner under the Arkansas Banking Code of 1997, § 23-45-101 et seq. — § 23-50-101 et seq.;(c) Securities Commissioner under the Arkansas Securities Act, § 23-42-101 et seq.; or(d) Insurance Commissioner under the Arkansas Insurance Code; or(viii) Any other institution that:(a) Holds and receives deposits, savings, or share accounts;(b) Issues certificates of deposit;(c) Provides to its customers any deposit accounts subject to withdrawal by check, instrument, order, or electronic means to effect third-party payments;(d) Provides insurance services; or(e) Provides investment services;
(i) An acquirer bank;
(ii) A payment card network;
(iii) A payment card issuer;
(iv) A depository institution;
(v) A trust company;
(vi) A savings bank;
(vii) A person subject to the jurisdiction of the:(a) United States Securities and Exchange Commission;(b) Bank Commissioner under the Arkansas Banking Code of 1997, § 23-45-101 et seq. — § 23-50-101 et seq.;(c) Securities Commissioner under the Arkansas Securities Act, § 23-42-101 et seq.; or(d) Insurance Commissioner under the Arkansas Insurance Code; or
(a) United States Securities and Exchange Commission;
(b) Bank Commissioner under the Arkansas Banking Code of 1997, § 23-45-101 et seq. — § 23-50-101 et seq.;
(c) Securities Commissioner under the Arkansas Securities Act, § 23-42-101 et seq.; or
(d) Insurance Commissioner under the Arkansas Insurance Code; or
(viii) Any other institution that:(a) Holds and receives deposits, savings, or share accounts;(b) Issues certificates of deposit;(c) Provides to its customers any deposit accounts subject to withdrawal by check, instrument, order, or electronic means to effect third-party payments;(d) Provides insurance services; or(e) Provides investment services;
(a) Holds and receives deposits, savings, or share accounts;
(b) Issues certificates of deposit;
(c) Provides to its customers any deposit accounts subject to withdrawal by check, instrument, order, or electronic means to effect third-party payments;
(d) Provides insurance services; or
(e) Provides investment services;
(12) (A) “Firearm” means the same as defined in 18 U.S.C. § 921, as it existed on January 1, 2025.(B) “Firearm” includes:(i) An antique firearm;(ii) A rifle;(iii) A shotgun; and(iv) A handgun;
(A) “Firearm” means the same as defined in 18 U.S.C. § 921, as it existed on January 1, 2025.
(B) “Firearm” includes:(i) An antique firearm;(ii) A rifle;(iii) A shotgun; and(iv) A handgun;
(i) An antique firearm;
(ii) A rifle;
(iii) A shotgun; and
(iv) A handgun;
(13) “Firearms retailer” means a person that is:(A) Physically located in Arkansas; and(B) Engaged in the lawful business of selling or trading firearms, firearm accessories or firearm components, or ammunition;
(A) Physically located in Arkansas; and
(B) Engaged in the lawful business of selling or trading firearms, firearm accessories or firearm components, or ammunition;
(14) (A) “Issuer” means a person issuing a credit card or a debit card.(B) “Issuer” includes an issuer's agent;
(A) “Issuer” means a person issuing a credit card or a debit card.
(B) “Issuer” includes an issuer's agent;
(15) (A) “Merchant” means a person that accepts credit cards or debit cards from a customer for the purchase of goods or services.(B) “Merchant” includes a firearms retailer that accepts a credit card or a debit card for lawful purchase of a firearm, firearm accessories or firearm components, or ammunition;
(A) “Merchant” means a person that accepts credit cards or debit cards from a customer for the purchase of goods or services.
(B) “Merchant” includes a firearms retailer that accepts a credit card or a debit card for lawful purchase of a firearm, firearm accessories or firearm components, or ammunition;
(16) “Merchant category code” means a code assigned to a retailer based on the types of goods and services offered to a retailer's customers;
(17) (A) “Payment card network” means an entity that directly or through a member, processor, or agent provides proprietary services, infrastructure, software, or hardware that routes information used to authorize, clear, and settle credit, debit, or prepaid transactions.(B) “Payment card network” does not include a financial institution that settles a credit, debit, or prepaid transaction directly with a retailer on behalf of a customer;
(A) “Payment card network” means an entity that directly or through a member, processor, or agent provides proprietary services, infrastructure, software, or hardware that routes information used to authorize, clear, and settle credit, debit, or prepaid transactions.
(B) “Payment card network” does not include a financial institution that settles a credit, debit, or prepaid transaction directly with a retailer on behalf of a customer;
(18) “Person” means an individual, a corporation, an organization, or other legal entity;
(19) “Rifle” means the same as defined in 18 U.S.C. § 921, as it existed on January 1, 2025;
(20) “Savings bank” means a savings association or federal savings association as defined in 12 U.S.C. § 1462, as it existed on January 1, 2025;
(21) “Shotgun” means the same as defined in 18 U.S.C. § 921, as it existed on January 1, 2025; and
(22) “Trust company” means:(A) A national bank engaged in activities in a fiduciary capacity under 12 U.S.C. § 92a and 12 C.F.R. Part 9;(B) A trust company as defined in § 23-51-102; or(C) An interstate bank that is authorized under the Arkansas Banking Code of 1997, § 23-45-101 et seq. — § 23-50-101 et seq., to exercise the powers of a trust company in this state.
(A) A national bank engaged in activities in a fiduciary capacity under 12 U.S.C. § 92a and 12 C.F.R. Part 9;
(B) A trust company as defined in § 23-51-102; or
(C) An interstate bank that is authorized under the Arkansas Banking Code of 1997, § 23-45-101 et seq. — § 23-50-101 et seq., to exercise the powers of a trust company in this state.