Oklahoma SB1044 allows certain payment methods for alcoholic beverages and establishes electronic funds transfer (EFT) payments.
Oklahoma SB1044 amends the state's regulations on alcoholic beverages by allowing certain payment methods and establishing electronic funds transfer (EFT) payments. The bill specifies that beer distributors or wine and spirits wholesaler licensees must initiate EFT payment transmittals by withdrawing funds from the retailer’s account within the next banking business day after delivery. It also allows single EFT payments to be made using a cash or debit card, or a nationally recognized credit card, in lieu of actual cash payment, provided it does not constitute the extension of credit.
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- Core Provisions
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