Electronic Item Clause Samples
Electronic Item. A digitized image of a check, an Image Exchange Item, or any other electronic version of a check or other electronic item (such as items process able through the Automated Clearing House (ACH) system) approved by the Bank for processing through the System.
Electronic Item. “Electronic Item” means an image of the front and back of a Check, all of the information from the Magnetic Ink Character Recognition (“MICR”) line on the original Check and the enclosed amount and additional information about the original Check, including any associated electronic records derived from the original Check and any other information specified by us, in the format specified by us.