Oklahoma § 21-1550.21 - Definitions

§ 21-1550.21. Definitions

As used in this act:

1. "Cardholder" means the person or organization named on the

face of a credit card or a debit card to whom or for whose benefit

the credit card or debit card is issued;

2. "Credit card" means any instrument or device, whether known

as a credit card, credit plate, charge plate or by any other name,

issued with or without fee by an issuer for the use of the

cardholder in obtaining money, goods, services or anything else of

value on credit and all such credit cards lawfully issued shall be

considered the property of the cardholder or the issuer for all

purposes;

3. "Debit card" means any instrument or device, whether known

as a debit card or by any other name, issued with or without fee by

an issuer for the use of the cardholder in depositing, obtaining or

transferring funds from a consumer banking electronic facility;

4. "Issuer" means any person, firm, corporation, financial

institution or its duly authorized agent which issues a credit card

or a debit card;

5. "Receives" or "receiving" means acquiring possession or

control or accepting as security for a loan;

6. "Reencoder" means an electronic device that places encoded

information from the computer chip, magnetic strip or stripe or

other storage mechanism of a credit card or debit card onto the

computer chip, magnetic strip or stripe or other storage mechanism

of a different card;

7. "Revoked card" means a credit card or a debit card which is

no longer valid because permission to use it has been suspended or

terminated by the issuer;

8. "Scanning device" means a scanner, reader or any other

electronic device that may be used to access, read, scan, obtain,

memorize or store, temporarily or permanently, information encoded

on the computer chip, magnetic strip or stripe or other storage

mechanism of a credit card or debit card or from another device that

directly reads the information from a credit card or debit card; and

9. "Skimming device" means a self-contained device that:

a.

is designed to read and store in the internal memory

of the device information encoded on the computer

Oklahoma Statutes - Title 21. Crimes and Punishments

chip, magnetic strip or stripe or other storage

mechanism of a credit card or debit card or from

another device that directly reads the information

from a credit card or debit card, and

b.

is incapable of processing the credit card or debit

card information for the purpose of obtaining,

purchasing or receiving goods, services, money or

anything else of value from a person or organization.

Added by Laws 1970, c. 258, § 1, emerg. eff. April 22, 1970.

Amended by Laws 1971, c. 307, § 1, emerg. eff. June 19, 1971; Laws

1981, c. 86, § 3, emerg. eff. April 20, 1981; Laws 2019, c. 347, §

1, eff. Nov. 1, 2019.