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What Makes IRDs Legal?

Question: 
What does all the information on an IRD mean? Can anyone provide a basic rundown on what makes an IRD a legal check?
Answer: 

First off, there are six items found on an IRD you won't find on a check that allow them to be processed just like original checks:

  • The Unique Identifier is a MICR number in the top left-hand corner of an IRD that indicates which bank the imaged check came from.
Vendor: 
Source Technologies

First published on 10/03/2005

Filed under: 
Compliance

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