Georgia Code
Part 2 - Issue and Acceptance of Payment Order
§ 11-4A-201. Security Procedure

Security procedure” means a procedure established by agreement of a customer and a receiving bank for the purpose of (i) verifying that a payment order or communication amending or canceling a payment order is that of the customer, or (ii) 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. Code 1981, § 11-4A-201 , enacted by Ga. L. 1992, p. 2685, § 4.

Structure Georgia Code