On November 27th, the Eleventh Circuit addressed whether a bank's customer protection security procedures were commercially reasonable under Florida's UCC law such that the bank would be absolved of liability for a fraudulent transfer of customer funds if the bank, when processing an order to transfer the customer's funds, followed the security procedure in good faith. The Court held that where, as here, the bank did not follow the security procedures to which the customer agreed, the bank could not avail itself of the safe harbor. Chavez v. Mercantil Commercebank, N.A.