What was Letter The Cash
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A substitute check or cheque, also called an image cash letter, clearing replacement document, or image replacement document, is a negotiable instrument used in electronic banking systems to represent a physical paper cheque
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A substitute check or cheque, also called an image cash letter (ICL), clearing replacement document (CRD),[1] or image replacement document (IRD),[2] is a negotiable instrument used in electronic banking systems to represent a physical paper cheque (check). It may be wholly digital from payment initiation to clearing and settlement or it may be a digital reproduction (truncation) of an original paper check.
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