Section 4--109. Process of Posting. 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:

1. (a) verification of any signature;
2. (b) ascertaining that sufficient funds are available;
3. (c) affixing a "paid" or other stamp;
4. (d) entering a charge or entry to a customer's account;
5. (e) correcting or reversing an entry or erroneous action with respect to the item.