As used in Sections 45-9-201 through 45-9-209, the following words shall have the meanings as defined in this section, unless the context clearly indicates otherwise:(a) 'Customer' means any resident of Mississippi engaged in a payment card transaction that a financial institution facilitates or processes.(b) 'Disclosure' or 'disclose' means the transfer, publication, or distribution of protected financial information to another person or entity for any purpose other than: (i) to process or facilitate a payment card transaction; or(ii) to take any actions related to dispute processing, fraud management, or protecting transaction integrity from concerns related to illegal activities, breach or cyber risks.(c) 'Financial institution' means an entity involved in facilitating or processing a payment card transaction, including, but not limited to, a bank, an acquirer, payment card network, or payment card issuer.(d) 'Financial record' means a record held by a financial institution related to a payment card transaction that the financial institution has processed or facilitated.(e) 'Firearms retailer' means any person or entity physically located in the State of Mississippi engaged in to a payment card transaction that the financial institution has processed or facilitated.(e) 'Firearms retailer' means any person or entity physically located in the State of Mississippi engaged in the lawful business of selling or trading firearms or ammunition to be used in firearms.(f) 'Firearms code' means the Merchant Category Code 5723 approved in September 2022 by the International Organization for Standardization for firearms retailers.(g) 'Government entity' means any county or municipality, or state board, commission, agency, bureau, department, or any other political subdivision of the state.(h) 'Protected financial information' means any record of a sale, purchase, return, or refund involving a payment card that is retrieved, characterized, generated, labeled, sorted, or grouped based on the assignment of a firearms code.Added by Laws, 2023, ch. 462, HB 1110,§ 3, eff. 1/1/2024.
Mississippi Legal Code