How Image Cash Letter Works
Image Cash Letters (ICLs) have become the preferred vehicle for transporting electronic check payment transactions between organizations and systems. Although standards were established for ICLs in the 1990s, it was the passing of Check 21 legislation that legitimized the use of substitute checks and image replacement documents. This opened the door for the use of […]
Image Cash Letter Service ICL
Is your ACH processor threatening you? Is your “return rate too high?” Is your state, similar to California, contemplating banning payday loan lender access to electronic access to consumer bank accounts? No worries! When 35 million consumers demand access to a product, entrepreneurs always find a way. There’s a fix for this! If you need […]
