Idaho Code § 28-4-609
This is the official text of Idaho Code § 28-4-609, part of Idaho’s Code — part of the compiled statutory law of Idaho, published by the state as "Code." Browse the sections below, each linked to its official government source.
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28-4-609 SECURITY PROCEDURE.
Official statutory text
PART 6.
FUNDS TRANSFERS
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.]
FUNDS TRANSFERS
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.]
Status: in_force · Read it on the official government site
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