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).
Other ACH Services â Electronic Check Conversion (ECC) Electronic Check Conversion (ECC) Defined ECC stands for Electronic Check Conversion, and describes checks that are read and imaged at the point of purchase (POP) in a brick and mortar store for conversion into an electronic item. The resulting electronic draft is processed through the ACH Network for clearing and settlement. Electronic Check Conversion (ECC) Process & Requirements This process requires a Terminal and Check Imager/Reader that is set up for ECC, and can only be legally done at the cash register (or point of purchase) of a regular brick and mortar type store.