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).
An electronic check, also referred to as an e-check, is a form of payment made via the internet, or other data network, designed to perform the same function as a conventional paper check. Since the check is in an electronic format, it can be processed in fewer steps.