Kan. Stat. § 84-4a-201

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4

Section 84-4a-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.

K.S.A. 84-4a-201

L. 1990, ch. 367, § 9; 1/1/1991.