§12A-4A-104.

§12A-4A-104.
   
   FUNDS TRANSFER - DEFINITIONS
   
   In this Article:
   
   (a) "Funds transfer" means the series of transactions, beginning with
   the originator's payment order, made for the purpose of making payment
   to the beneficiary of the order. The term includes any payment order
   issued by the originator's bank or an intermediary bank intended to
   carry out the originator's payment order. A fund transfer is completed
   by acceptance by the beneficiary's bank of a payment order for the
   benefit of the beneficiary of the originator's payment order.
   
   (b) "Intermediary bank" means a receiving bank other than the
   originator's bank or the beneficiary's bank.
   
   (c) "Originator" means the sender of the first payment order in a
   funds transfer.
   
   (d) "Originator's bank" means (i) the receiving bank to which the
   payment order of the originator is issued if the originator is not a
   bank, or (ii) the originator if the originator is a bank.