Specifications

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Image Exchange Item: A digital image of a check cleared and settled directly with a payor financial
institution without conversion to a substitute check.
IRD: Another term for “substitute check”. IRD stands for Image Replacement Document. Once customer’s
checks are scanned, and the images are sent to the financial institution, customers will no longer have
access to the original check. So instead of receiving their original check they will receive an IRD or an
image of the check. In most cases customers won’t see any significant differences in their statements.
MICR: The MICR line, or Magnetic Ink Character Recognition, contains the issuing financial institution’s transit
number, check number, and account number on the bottom of the check.
Non-cash Item: An item that would otherwise be a check, except that:
• A passbook, certificate or other document is attached.
• It is accompanied by special instructions such as a request for special advice
of payment or dishonor.
• It consists of more than a single thickness of paper, except a check that qualifies for handling
by automated check processing equipment.
• It has not been preprinted or post-encoded in magnetic ink with the routing number
of the payor financial institution.
Original Check: The first paper check issued for a payment transaction.
Program: The procedures, protocols, and software used by Capitol Bank and its licensors and contractors in
connection with the electronic processing of checks, and includes the software and the services.
Scanner: A hardware device that scans the front and back of the check providing an image of the check.
Services: The services described by Capitol Bank, an agent, or designee of Capitol Bank, to enable eCourier
users to process checks digitally and through substitute checks.
Substitute Check: A paper reproduction of an electronic check. A substitute check is the legal equivalent of
the original check.