Arkansas § 4-59-502 Remission to acquirer of record of sale not made by remitter

Arkansas Statutes

§ 4-59-502 — Remission to acquirer of record of sale not made by remitter

Arkansas § 4-59-502

Title4

This text of Arkansas § 4-59-502 (Remission to acquirer of record of sale not made by remitter) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 4-59-502 (2026).

Text

(a)A person authorized by an acquirer to furnish money, goods, services, or anything else of value upon presentation of a financial transaction card or a financial transaction card account number by a cardholder, or any agent or employee of such person, who, with intent to defraud the issuer, acquirer, or cardholder, remits to an issuer or acquirer, for payment, a financial transaction card record of a sale, which sale was not made by such person, his or her agent or employee, is guilty of financial transaction card fraud.

(b)Any person violating this section is guilty of a Class C felony.

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(a) A person authorized by an acquirer to furnish money, goods, services, or anything else of value upon presentation of a financial transaction card or a financial transaction card account number by a cardholder, or any agent or employee of such person, who, with intent to defraud the issuer, acquirer, or cardholder, remits to an issuer or acquirer, for payment, a financial transaction card record of a sale, which sale was not made by such person, his or her agent or employee, is guilty of financial transaction card fraud. (b) Any person violating this section is guilty of a Class C felony.