AR SB1135

Adds Subchapter 4 to Arkansas Code Title 4, Chapter 107, establishing the "Prevention of Credit Card Company Unfair Business Practices Act" to regulate electronic payment systems and protect merchants.

Prohibits electronic payment systems from imposing pricing display restrictions, blocking merchant discounts for competing card brands, limiting merchant location choices, setting minimum/maximum transaction values, or restricting merchants' ability to choose which payment system processes their transactions.

Bans electronic payment systems from establishing required, suggested, or default interchange fee rates for their member banks, processors, or agents unless the payment system itself is the direct fee charger and not a separate legal entity.

Imposes penalties on violating payment systems including reimbursement of all collected chargebacks and fees, plus $10,000 civil penalty per violation, and allows merchants to recover treble damages, injunctive relief, and attorney's fees in civil actions.

Authorizes the Arkansas Attorney General to pursue civil actions for damages or equitable relief against violators of the subchapter.