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Electronic presentment enables customers to receive and pay bills through a computer or telephone. An agreement for electronic presentment means an agreement, clearing-house rule, or Federal Reserve regulation or operating circular, providing that the presentment of an item ( an instrument or a promise or order to pay money handled by a bank for collection or payment) can be made by transmission of an image of an item or information describing the item rather than delivery of the item. Additionally, the agreement may also provide for procedures governing retention, presentment, payment, dishonor, and other matters concerning items subject to the agreement. Presentment of an item pursuant to an agreement for presentment is made when the presentment notice is received.[U.C.C. § 4-110].