§46-4A-201. Security procedure.
"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.
Structure West Virginia Code
Chapter 46. Uniform Commercial Code
§46-4A-103. Payment Order -- Definitions
§46-4A-104. Funds Transfer -- Definitions
§46-4A–106. Time Payment Order Is Received
§46-4A-107. Federal Reserve Regulations and Operating Circulars
§46-4A-108. Relationship to Electronic Fund Transfer Act
§46-4A-201. Security Procedure
§46-4A-202. Authorized and Verified Payment Orders
§46-4A-203. Unenforceability of Certain Verified Payment Orders
§46-4A-205. Erroneous Payment Orders
§46-4A-206. Transmission of Payment Order Through Funds Transfer or Other Communication System
§46-4A-207. Misdescription of Beneficiary
§46-4A-208. Misdescription of Intermediary Bank or Beneficiary's Bank
§46-4A-209. Acceptance of Payment Order
§46-4A-210. Rejection of Payment Order
§46-4A-211. Cancellation and Amendment of Payment Order
§46-4A-212. Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order
§46-4A-301. Execution and Execution Date
§46-4A-302. Obligations of Receiving Bank in Execution of Payment Order
§46-4A-303. Erroneous Execution of Payment Order
§46-4A-304. Duty of Sender to Report Erroneously Executed Payment Order
§46-4A-305. Liability for Late or Improper Execution or Failure to Execute Payment Order
§46-4A-402. Obligation of Sender to Pay Receiving Bank
§46-4A-403. Payment by Sender to Receiving Bank
§46-4A-404. Obligation of Beneficiary's Bank to Pay and Give Notice to Beneficiary
§46-4A-405. Payment by Beneficiary's Bank to Beneficiary
§46-4A-406. Payment by Originator to Beneficiary; Discharge of Underlying Obligation
§46-4A-501. Variation by Agreement and Effect of Funds-Transfer System Rule
§46-4A-502. Creditor Process Served on Receiving Bank; Setoff by Beneficiary's Bank
§46-4A-503. Injunction or Restraining Order With Respect to Funds Transfer
§46-4A-505. Preclusion of Objection to Debit of Customer's Account