Turtle Mountain Band of Chippewa Indians of North Dakota - Tribal Law

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Turtle Mountain Band of Chippewa Indians Tribal Code.

24.26.010 Security Procedure

"SECURITY PROCEDURE" means a procedure established by agreement of a customer and a receiving bank for the purpose of

(a) verifying that a payment order or communication amending or canceling a payment order is that of the customer, or

(b) 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.

Original url: /us/nsn/tmchippewa/council/code/24.26.010

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