Miss. Code Ann. § 45-9-205: Miss. Code Ann. § 45-9-205

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 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.