Image-based Suite Includes Merchant Capture, Branch Capture, Teller Capture, ATM Capture, and Correspondent Capture

LAS VEGAS, Nov. 15, 2004 – Advanced Financial Solutions (AFS), a leading provider of image-enabled payment processing solutions to the financial services industry, today announced the release of the AFS Direct application suite. AFS Direct provides for item-image capture at the source – merchant sites, lockboxes, branches, and ATMs.

AFS will showcase its suite of Direct distributed capture solutions at the BAI Retail Delivery & Expo 2004, Booth #9024, being held at the Las Vegas Convention Center, November 16 – 18, 2004.

AFS Direct applications provide distributed image capture and a payment processing infrastructure to accommodate remote capture at every point of presentment – at the branch and off-premises – including commercial and merchant locations. AFS Direct applications can integrate multiple capture locations, and leverage different capture devices to remove paper from the process, lowering the cost of payment processing with accelerated check clearing and optimized cash flow.

“In today’s competitive marketplace financial institutions must offer their customers the most convenient and cost effective corporate banking solutions and services,” said Gary Nelson, president of AFS. “The AFS Direct suite of distributed image capture solutions provides financial institutions with the platform to attract new corporate accounts and strengthen highly-valued existing relationships.”

The AFS Direct distributed capture suite includes:

· Direct Merchant - brings the convenience and cost savings of distributed image capture directly to a financial institution’s corporate and merchant clients. With a low-speed image capture device and secure Internet access, commercial customers can image capture check payments at their business location and electronically deliver the images to their bank for processing.
· Direct Branch – provides financial institutions with the capability to image capture checks via a scanning device at the back counter – extending back room capture into the branch. Batches of check images are scanned on a back-counter scanner at regular intervals.

· Direct Teller – provides your institution with the capability to image-capture checks at the teller station. AFS Direct Teller efficiently combines traditional online teller transaction processing with check image capture and transaction balancing.

· Direct ATM – provides image capture of check deposit transactions at Automated Teller Machines (ATMs). AFS Direct ATM works with any image-based ATM and enables a customer to deposit a check directly into the ATM without an envelope. The check image is displayed on screen, allowing for the verification of the deposit amount. Customers have the choice of how and when to carry out a check deposit transaction with the reassurance of instant proof of deposit.

· Direct Correspondent - leverages Direct Branch and Direct Teller, and provides a secure, locally centralized proof capability. This enhancement gives the outsourcing entity the ability to allow their correspondent financial institutions to send only balanced work, and yet leaves the option to outsource data perfection and balancing. Correspondent institutions gain incomparable speed and reduce or eliminate courier costs, because there is no longer a need to forward paper checks.

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