Common use of Electronic Item Clause in Contracts

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. A digitized image of a check, an Image Exchange Itemimage 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.