grandstand-the audience at a stadium or racetrack. audience-a gathering of spectators or listeners at a (usually public) performance; the audience applauded; someone in the audience began to cough.
Electronic Check Presentment - ECP. A process that allows financial institutions to exchange digital images of checks instead of paper to increase the speed of of the check cashing process. The signing of the Check Clearing for the 21st Century Act by President Bush permitted the use of electronic check presentment (ECP).
What is an eCheck Overview eCheck, an established payment instrument combining the security, speed and processing efficiency of all-electronic transactions with the familiar and well-developed legal infrastructure and business processes associated with paper checks, is the first and only electronic payment mechanism chosen by the United States Treasury to make high-value payments over the public Internet.