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2018 Idaho Statutes
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 4 - UNIFORM COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS
Part 6 - FUNDS TRANSFERS SUBJECT MATTER AND DEFINITIONS
Section 28-4-609 - SECURITY PROCEDURE.
Universal Citation: ID Code § 28-4-609 (2018)
28-4-609. 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 cancelling 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:
[28-4-609, added 1991, ch. 135, sec. 1, p. 299.]
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