The process of posting means the usual procedure followed by a payor bank in determining to pay an item and in recording the payment including one or more of the following or other steps as determined by the bank: (a) verification of any signature;
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(b) ascertaining that sufficient funds are available; \ (c) affixing a paid or other stamp; (d) entering a charge or entry to a customer's account; (e) correcting or reversing an entry or erroneous action with respect to the item. ----------
CHAPTER 2 COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS