Oklahoma payments and fintech laws

What it would do: Amends the Consumer Credit Code to allow technology center school districts, public schools, private educational institutions, municipalities, and public trusts to charge service fees limited to bank processing fees, financial transaction fees, secure transaction costs, portal fees, and bandwidth costs for credit card transactions.

What it would do: Excludes state or local taxes and gratuities from swipe fee calculations for credit card transactions in Oklahoma. Requires payment card networks to deduct these amounts at settlement or rebate merchants within 90 days of transaction, with a 30-day deadline after merchant submits proof.

What it would do: Prohibits credit card issuers with over $85 billion in consolidated assets and payment card networks from fixing swipe fees, charging disputed transaction fees without findings of fact, or penalizing merchants offering cash discounts. Requires disclosure of swipe fees to cardholders and merchants.

What it would do: Creates the Oklahoma Earned Wage Access Services Act requiring the Department of Consumer Credit to license and regulate earned wage access services providers, establish a database of consumer transactions, and set requirements for fees, disclosures, and prohibited practices.

What it would do: Prohibits sellers from imposing surcharges on cardholders who use open-end credit cards or debit cards instead of cash or checks, with exceptions for private educational institutions, private schools, municipalities, and public trusts that may charge limited service fees for processing and transaction costs.

What it would do: Increases the fee for money wire transmissions from $5.00 to $10.00 per transaction not exceeding $500, and raises the percentage fee on amounts over $500 from 1% to 2%, effective November 1, 2025.

What it would do: Prohibits government entities from maintaining firearm registries and requires payment card networks and covered entities to avoid assigning merchant category codes that distinguish firearm retailers from other retailers. Authorizes the Attorney General to investigate violations and seek injunctions and civil fines up to $1,000 per violation.

What it would do: Requires retail beer, wine, and spirits licensees to pay wholesalers and distributors by electronic funds transfer (EFT) initiated by the wholesaler within one banking day of delivery, with limited exceptions for insufficient funds, service interruptions, or new licenses.

What it would do: Enacts the Oklahoma Earned Wage Access Services Act, establishing definitions, requirements, and prohibitions for providers offering earned wage access services to consumers, including requirements for fee disclosure, no-cost options, cancellation rights, and prohibitions on credit checks, late fees, and debt collection.

What it would do: Prohibits sellers registered as money transmitters with the U.S. Department of the Treasury from imposing surcharges on or denying service to consumers conducting business with firearm entities. Effective November 1, 2026.

What it would do: Creates the Oklahoma Money Transmission Modernization Act establishing licensing requirements for money transmitters under the Insurance Commissioner, utilizing the Nationwide Multistate Licensing System, and repealing prior financial transaction reporting statutes.

What it would do: Requires digital asset kiosk operators in Oklahoma to hold a money transmission license or virtual business license, display transaction fees and fraud warnings, limit new customers to $3,000 per day, maintain transaction records, and cooperate with law enforcement investigations.

What it would do: Authorizes state employees, businesses, and individuals to negotiate and receive payments in Bitcoin. Requires the State Treasurer to issue a request for proposal and contract with a digital asset firm by January 1, 2027, to process Bitcoin payments for state employees and vendors.

What it would do: Prohibits merchants from being charged interchange transaction fees or network fees on credit card transactions or portions of transactions that pay sales tax, excise tax, customer tips, or donations to 501(c)(3) nonprofit organizations, effective November 1, 2025.

What it would do: Prohibits sellers from passing processing fees or surcharges to cardholders using credit or debit cards instead of cash or checks, except for specified entities (private educational institutions, private schools, municipalities, public trusts) which may charge limited service fees. Requires any fees charged to be listed as separate line items on receipts.

What it would do: Prohibits electric vehicle charging providers operating public charging stations from requiring memberships or subscriptions to access services, and limits collection of personally identifiable information to what is necessary for payment while requiring acceptance of credit cards, debit cards, or mobile payment systems.

What it would do: Authorizes state employees, businesses, and residents to negotiate and receive compensation in Bitcoin. Requires the State Treasurer to contract with a digital asset firm by January 1, 2026 to process Bitcoin payments and exempts certain digital asset firms from money transmitter licensing.

What it would do: Creates the Oklahoma Earned Wages Access Services Act, allowing providers to deliver earned but unpaid wages to consumers while requiring providers to offer no-cost options, disclose all fees, allow cancellation without penalty, and prohibiting credit checks, late fees, credit card payments, and collection actions.

What it would do: Prohibits financial institutions from disclosing customer payment card transaction information related to firearm purchases and prohibits government entities from accessing such information, with exceptions for valid warrants, subpoenas, and written customer authorization. Prohibits discriminatory conduct based on firearm transaction codes and creates civil liability with damages of $10,000 to $30,000 per violation.