Section 4-A-104. Funds Transfer-Definitions.

In this article:

(1) "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 funds 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.

(2) "Intermediary bank" means a receiving bank other than the
originator's bank or the beneficiary's bank.

(3) "Originator" means the sender of the first payment order in a
funds transfer.

(4) "Originator's bank" means (a) the receiving bank to which the
payment order of the originator is issued if the originator is not a
bank, or (b) the originator if the originator is a bank.