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Wyo. Stat. Ann. § 9-14-401

Short title

Known as the Second Amendment Financial Privacy Act

The act spans §§ 9-14-401 to 9-14-404 (3 sections).

This article shall be known and may be cited as the "Second Amendment Financial Privacy Act." 9-14-402. Definitions.

(a) As used in this act:

(i) "Assign" or "assignment" means a policy, process or practice that labels, links or otherwise associates a firearms or ammunition code with a merchant or payment card transaction in a manner that allows any entity facilitating or processing the payment card transaction to identify whether a merchant is a firearms retailer or whether a transaction involves the sale or purchase of firearms or ammunition;

(ii) "Customer" means any person engaged in a payment card transaction;

(iii) "Disclosure" means the transfer, publication or distribution of protected financial information to another person or entity for any purpose other than to process or facilitate a payment card transaction;

(iv) "Financial record" means a financial record held by a merchant servicer related to a payment card transaction that the merchant servicer has processed or facilitated;

(v) "Firearms code" means any code or other indicator that a merchant servicer assigns to a merchant or to a payment card transaction that identifies whether a merchant is a firearms retailer or whether the payment card transaction involves the purchase of a firearm, firearm accessories or ammunition. The term "firearms code" includes, but is not limited to, a merchant category code assigned to a retailer by a payment card network or other merchant servicer;

(vi) "Firearms retailer" means any person engaged in the lawful business of selling or trading firearms or ammunition to be used in firearms;

(vii) "Government entity" means any county or municipality, or state board, commission, agency, bureau, department or any other political subdivision of the state;

(viii) "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;

(ix) "Merchant category code" means classification codes assigned by a merchant processor to merchants or payees that accept its payment cards to classify the goods or services provided or furnished by a merchant or payee;

(x) "Merchant servicer" means a payment settlement entity, merchant acquiring entity or third party settlement organization as defined by 26 U.S.C. 6050W or any other entity that specifically assigns a merchant category code for use in a payment card transaction;

(xi) "This act" means W.S. 9-14-401 through 9-14-404.

Official source: Wyoming Legislature. Reproduced from public-domain Wyoming statutes; confirm against the official source for the current text. Not legal advice.