(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.
History.—s. 1, ch. 91-70.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 670 - Uniform Commercial Code: Funds Transfers
Part II - Issue and Acceptance of Payment Order (Ss. 670.201-670.212)
670.202 - Authorized and verified payment orders.
670.203 - Unenforceability of certain verified payment orders.
670.205 - Erroneous payment orders.
670.206 - Transmission of payment order through funds-transfer system or other communication system.
670.207 - Misdescription of beneficiary.
670.208 - Misdescription of intermediary bank or beneficiary’s bank.
670.209 - Acceptance of payment order.
670.21 - Rejection of payment order.
670.211 - Cancellation and amendment of payment order.
670.212 - Liability and duty of receiving bank regarding unaccepted payment order.