Office of the Comptroller of the Currency

Check Fraud: A Guide to Avoiding Losses

Electronic Check Presentment

Electronic check presentment (ECP) is an electronic/paper method of expediting check collection. Participating banks exchange check payment information before physically presenting the checks for payment.

The depository bank captures payment information from the MICR line of incoming checks and immediately transmits the information electronically to the paying bank. Later, the depository bank sends the actual check according to its normal paper deadlines. During check posting, the paying bank identifies checks that should be returned and immediately notifies the depository bank.

ECP supporters believe that it speeds up processing, controls cost and reduces fraud by providing early notification of return items.

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