Any state bank, with the approval of the Bank Commissioner, and so long as national banks are so authorized, may furnish computer, data processing, item processing, billing, and posting services through its own organization or an operating subsidiary pursuant to Arkansas Code § 23-47-601 (and without the necessity of becoming a stockholder of a bank service company) to:

1. (1) Other banks; and
2. (2) Nonbanking customers who are its depositors.

Codification Notes: This section was promulgated as Section 47-101.6 of the State Bank Department Rules prior to codification into the Code of Arkansas Rules. This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: "(Reference A.C.A. § 23-47-101)"