e 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;

COL120106
13 Guam Code Ann. UNIFORM COMMERCIAL CODE
DIV. 4 BANK DEPOSITS AND COLLECTIONS

(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.
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CHAPTER 2
COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS