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. Simply put, an eCheck is the electronic version or representation of a paper check. eChecks have the following features: contain the same information as paper checks contain. are based on the same rich legal framework as paper checks. can be linked with unlimited information and exchanged directly between parties.