Electronic Item definition

Electronic Item means the electronic image of each Paper Item and other information captured from the Paper Item. After we receive your transmission, we will review each Electronic Item. For each Electronic Item that we determine is eligible for processing as described below, we will:

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 processable through the automated clearinghouse (ACH) system) approved by Bank for processing through the Program. Bank reserves the right to review and approve any Electronic Items that are designed in the future.

Electronic Item means the electronic image of each paper item (check) and other information captured from the paper item (check).

Examples of Electronic Item in a sentence

• Even if we do not initially identify an Electronic Item as an Exception Item when we review and process the Electronic Item to which the Exception Item relates, the Electronic Item, substitute check, or the purported substitute check created by us from it may nevertheless be returned to us because, among other reasons, the Paying Bank determines that such item or check is illegible or missing an image.

• You will maintain control over and be responsible for secure retention, storage, and destruction of original paper items for which you have created an Electronic Item.

• After we receive your transmission, we will review each Electronic Item.

• After transmitting the Electronic Item to us, you will retain the original paper items as discussed in the Check Safekeeping, Record Retention and Destruction section of this document.

• In addition, an Electronic Item will be deemed to have been deposited at the office where the account is maintained.

More Definitions of Electronic Item

Electronic Item means 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 means the electronic image of each paper Item (check) and other information captured from the paper Item (check).

Electronic Item means the digitized image of a Paper Item that is created by you and transmitted to us using the Service.

Electronic Item means the electronic image created an Authorized User’s device.

Electronic Item means an item described in paragraph (i)(1)(ii) of this section.Note: Unless otherwise indicated, item includes both a cash and a noncash item, and includes a returned check sent by a payingor returning bank. Item does not include a check that cannot be collected at par, or a payment order as defined in § 210.26(i) and handled under subpart B of this part.* * * * * (1) * * *

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 BND, in the format specified by BND.

Electronic Item means a digitized image of an Item, including an Image Exchange Item, or other electronic data arising from an Item.