Okla. Stat. tit. 12A, § 12A-4A-201
This is the official text of Okla. Stat. tit. 12A, § 12A-4A-201, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Security procedure
Official statutory text
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 impose an obligation on the
receiving bank or the customer and may require the use of algorithms
or other codes, identifying words, numbers, symbols, sounds,
biometrics, encryption, callback procedures, or similar security
devices. Comparisons of a signature on a payment order or
communication with an authorized specimen signature of the customer
or requiring a payment order to be sent from a known email address,
IP address, or telephone number is not by itself a security
procedure.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 358
"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 impose an obligation on the
receiving bank or the customer and may require the use of algorithms
or other codes, identifying words, numbers, symbols, sounds,
biometrics, encryption, callback procedures, or similar security
devices. Comparisons of a signature on a payment order or
communication with an authorized specimen signature of the customer
or requiring a payment order to be sent from a known email address,
IP address, or telephone number is not by itself a security
procedure.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 358
Status: in_force · Read it on the official government site
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