Missouri payments and fintech bills

What it would do: Repeals and reenacts section 144.010 of Missouri law to redefine terms used in the Sales Tax Law, including definitions for admission, business, captive wildlife, gross receipts, livestock, motor vehicle leasing company, and telecommunications service.

What it would do: Prohibits money transmission licensees from initiating foreign remittance transfers for unauthorized aliens and requires verification of sender status. Imposes a 25 percent penalty on violating transfers and requires quarterly reporting to the division.

What it would do: Establishes the offense of gift card fraud, making it illegal to knowingly alter gift cards, devise schemes to obtain gift card redemption information through deceit, or use fraudulently obtained gift cards. Penalties range from class A misdemeanor to class C felony based on value.

What it would do: Requires retail businesses to accept United States currency as payment for goods or services, with exceptions for unattended fuel dispensers, security deposit transactions, certain prepaid card conversions, banks, credit unions, and multi-point-of-sale locations. Violations are class D misdemeanors punishable by fines up to $500 per transaction.

What it would do: Repeals and replaces provisions governing the Division of Finance, standardizing licensing fees across multiple consumer finance sectors at up to five thousand dollars initially and one thousand dollars per additional location, with reduced fees for applicants under one hundred active accounts, and deposits all fees into the Consumer Licensing Fund.

What it would do: Prohibits government entities from maintaining firearm registries, prohibits payment card networks and covered entities from using merchant category codes that distinguish firearm retailers, and authorizes the attorney general to enforce these provisions with injunctions and civil penalties up to one thousand dollars per violation.

What it would do: Establishes the Virtual Currency Kiosk Consumer Protection Act requiring virtual currency kiosk operators to obtain money transmitter licenses, implement compliance and consumer protection policies, use blockchain analytics, provide customer disclosures and live service, and report kiosk locations quarterly to the Division of Finance.

What it would do: Establishes the Digital Assets Authorization Act, defining digital assets and related terms. Prohibits Missouri and municipalities from restricting individuals or businesses from accepting digital assets as payment or maintaining self-custody through self-hosted or hardware wallets, and prohibits additional taxes on digital assets used solely as payment.

What it would do: Establishes the Kiosk Consumer Protection Act requiring virtual currency kiosk operators to obtain money transmitter licenses, maintain compliance and consumer protection officers, use blockchain analytics, provide customer disclosures and live support, and authorizes the attorney general to bring civil actions for violations with penalties up to $10,000 per violation or $100,000 for injunction violations.

What it would do: Establishes the Virtual Currency Kiosk Consumer Protection Act requiring virtual currency kiosk operators to obtain money transmitter licenses, implement compliance and consumer protection officer positions, use blockchain analytics, provide customer disclosures and warnings, maintain anti-fraud policies, and submit quarterly location reports to the division of finance.

What it would do: Prohibits financial institutions from requiring firearms retailers in Missouri to use a firearms merchant category code that distinguishes them from other retailers, and prevents disclosure of protected financial information about firearms purchases unless required by law or regulation.

What it would do: Requires money transmission licensees to verify that senders of foreign remittance transfers are not unauthorized aliens and imposes a penalty of 25 percent of the transfer amount for violations, with quarterly reporting and random audits beginning July 1, 2027.

What it would do: Prohibits financial institutions from discriminating against firearms retailers by declining transactions, charging higher fees, or limiting business based on firearms merchant category codes, and authorizes the Missouri attorney general to investigate violations and seek injunctions with civil penalties up to ten thousand dollars.

What it would do: Requires earned wage access services providers to register annually with Missouri's Division of Finance for $1,000 and comply with consumer protection requirements including fee disclosure, prohibition on credit reporting, and restrictions on collection methods.

What it would do: Limits payment transaction fees for credit card or electronic payments to the lesser of $25 or 3% of the payment amount, and requires disclosure of the fee, its calculation method, and at least one fee-free payment alternative before transaction completion.

What it would do: Prohibits issuers, payment card networks, acquirer banks, and processors from charging interchange fees on the tax amount of electronic payment transactions when merchants provide tax documentation during authorization or settlement, with a one-thousand-dollar penalty per violation.

What it would do: Requires earned wage access services providers to register annually with Missouri's Division of Finance for one thousand dollars and comply with disclosure, fee, and consumer protection requirements, while prohibiting interest charges, credit reporting, and compulsory repayment collection.

What it would do: Prohibits financial institutions from using firearms merchant category codes to track, discriminate against, or decline transactions with firearms retailers in Missouri, and authorizes the attorney general to investigate violations and seek injunctions with civil penalties up to ten thousand dollars.