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).
Reaping the benefits of eChecks. Converting your customersâ paper checks into electronic checks helps save time and reduces hassle for your staff because you can submit payments electronically instead of making trips to the bank. However, time saving and hassle reduction are not the only benefits. Read on for more: