The following words and terms, when used in this Subchapter, shall have the following meaning, unless the context clearly indicates otherwise:

"Bill payment service" means an operator of a payment system acting in a third party capacity, to the extent that it provides processing, clearing, settlement, or other similar services between persons and businesses for a traceable debt of a good or service in connection with wire transfers, credit card transactions, debit card transactions, stored value transactions, automated clearinghouse transfers, or other similar funds transfers or transactions.

"Bureau" means Oklahoma State Bureau of Narcotics and Dangerous Drugs Control.

"Commission" means the Oklahoma Tax Commission.

"Delegate" means a person a licensee designates to provide money services on behalf of the licensee.

"Licensee" means a person licensed under the Oklahoma Financial Transaction Reporting Act, Title 6 O.S. § 1511. A licensee is a "supplier" or "money transmitter" under section 2 of the Oklahoma Financial Transaction Reporting Act.

"Money transmitter or wire transmitter business" means a licensee or delegate or someone otherwise required to be licensed who engages in this State in the business of:

1. (A) facilitating money transmissions;
2. (B) selling or issuing payment instruments for a fee, commission or other benefit;
3. (C) receiving money for transmission or transmitting money within in the United States or to locations abroad by any and all means, including but not limited to payment instrument, wire, facsimile, electronic transfer, or otherwise for a fee, commission or other benefit; or
4. (D) receiving money from obligors for the purpose of paying obligors' bills, invoices or accounts for a fee, commission or other benefit paid by the obligor.

Added at 27 Ok Reg 2361, eff 7-11-10