AFS To Showcase Suite of Day-Two Solutions for Large Banks; Solutions Remove Barriers To Engaging In Image Exchange Programs.

Business Editors/High-Tech Writers

BAI TransPay Conference 2003

Booth #421

NEW ORLEANS--(BUSINESS WIRE)--May 6, 2003

Advanced Financial Solutions, Inc. (AFS), a leading provider of check imaging applications, will showcase its suite of image-enabled day-two check processing solutions, designed to facilitate the transition to truncation and check image exchange, at the BAI TransPay Conference 2003, the company announced today.

The AFS suite of image-enabled day-two solutions is built around incoming returns, outgoing returns and the printing of Image Replacement Documents (IRDs), or "Substitute Checks."

Built on the Microsoft Windows platform, the image-enabled incoming and outgoing return item processing applications are designed for larger banks to meet their day-two operational objectives and position them to take advantage of truncation and check image exchange.

The AFS day-two processing suite utilizes MICR and image to eliminate the movement of paper for the qualification of exception items. The AFS suite of day-two solutions is fully integrated to image archive, image capture systems, and legacy check processing systems to provide a seamless process between day-one and day-two operations.

The printing of Image Replacement Documents (IRDs) or "Substitute Checks" will allow banks to truncate 100% of transit items as well as reduce physical sorting by sorting items electronically and printing substitute checks for return processing, as provided for in pending federal legislation.

According to Jeff Vetterick, VP of Marketing for AFS, "For larger banks, the decision to image-enable the incoming and outgoing returns is no longer "if" but "when." While the transition to image exchange is gaining momentum, banks that prepare and embrace this change will be best positioned to capitalize on the efficiency, cost savings, and new revenue opportunities. With successful private sector initiatives such as the Endpoint Exchange Network already underway, the only certainty is that image-enabled day-two processing banks will take the lead and have multiple platforms on which to exchange items."

As stated by Steve Winkler, AFS Large Banking Division General Manager, "The rapid advancements in check imaging technology, coupled with the pending Check 21 legislation, make it easy to build a strong business case for image-enabling day-two check processing operations. Cost reductions, product and service enhancements, and the path to check image exchange justify a fast ROI with a continued savings annuity for years to come."

AFS will showcase its suite of image-enabled day-two check processing applications at the BAI TransPay Conference in New Orleans, May 6 - 9, 2003. Attendees are invited to stop by the AFS Exhibit Booth - #421, to see a demonstration of these applications. Attendees are also encouraged to attend the AFS technology showcase, "Truncation & Exchange Today - A Practical Guide To Getting Started" on Wednesday, May 7, 2003 from 1:00 to 2:00 PM.

About Advanced Financial Solutions

Founded in 1992, AFS has been consistently delivering high-quality image-based and conventional check processing solutions to the financial industry. AFS was one of the first companies to offer image and item processing technology based on the Microsoft Windows NT operating environment. All AFS item imaging solutions are designed from the ground up with the functionality that banks and remittance processors need for operating in a high capacity transaction-based environment. Headquartered in Oklahoma City, Oklahoma, AFS maintains offices worldwide.