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Subject Matter and Definitions
Issue and Acceptance of Payment Order
Execution of Senders Payment Order
4 other sections not shown
acceptance occurs accepts a payment accepts the payment account number amending a payment amount applies Article 4A automated clearing house automated clearinghouse bank is entitled bank is obliged bank to pay bank's beneficiary's account beneficiary's bank accepts cancellation or amendment choice of law complied consequential damages covered by Article creditor process debit definition drafters Electronic Fund Transfer erroneously executed error example execute a payment execution date extent Federal Reserve Bank Federal Reserve System Fedwire funds transfer business funds transfer system identifying number intermediary bank issuing a payment liability ment order name and number notify obliged to pay order to Bank originator originator's bank Paragraph participating banks parties pay the beneficiary payment date payment order issued provides pursuant receipt respect result rights and obligations security procedure sender's order sentence of subsection specifies subsection a)(1 tion transaction transfer business day transfer system rule transmitted wire transfer X's bank