§46-4A-201. Security procedure.
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/wv/chapter-46-uniform-commercial-code/article-4a-funds-transfers/46-4a-201·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Part II. Issue And Acceptance Of Payment Order.
"Security procedure" means a procedure established by agreement of a customer and a receiving bank for the purpose of
(1)verifying that a payment order or communication amending or canceling a payment order is that of the customer or
(2)detecting error in the transmission or the content of the payment order or communication. A security procedure may require the use of algorithms or other codes, identifying words or numbers, encryption, callback procedures or similar security devices. Comparison of a signature on a payment order or communication with an authorized specimen signature of the customer is not by itself a security procedure.