Advanced Financial Solutions Forms Alliance With Infonox to Introduce ``ATM Capture'' - Image Capture of Check and Cash Deposits At the Point of Origination.Business Editors & High Tech Writers BAI n. 1. a language spoken in the Dali region of Yunnan. Noun 1. Bai - the Tibeto-Burman language spoken in the Dali region of Yunnan Baic Retail Delivery Conference 2002 Booth #1746 ATLANTA--(BUSINESS WIRE)--Nov. 5, 2002 Moving Image Capture To The ATM Reduces Costs For Financial Institutions Advanced Financial Solutions, Inc. (AFS A distributed file system for large, widely dispersed Unix and Windows networks from Transarc Corporation, now part of IBM. It is noted for its ease of administration and expandability and stems from Carnegie-Mellon's Andrew File System. AFS - Andrew File System ), a premier provider of check image-based application software and Internet delivery solutions for financial institutions worldwide, and Infonox, a software company that delivers transaction and payments products, today announced the release of AFS ATM Capture, a solution that combines AFS imaging technology with Infonox's Active Payment Platform (TM) to allow for the image capture of both check and cash deposit transactions at the Automatic Teller Machine See ATM. (ATM), the point of first deposit. AFS ATM Capture re-engineers cash and check deposit processing at ATMs, increases customer convenience and decreases the back office processing costs incurred by financial institutions. AFS ATM Capture is another key component in AFS' strategy to design applications that streamline the banking industry's move toward electronic transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , clearing, and exchange. AFS ATM Capture, powered by Infonox's Active Payment Platform (TM), allows financial institutions' ATM machines to image capture both check and cash deposit transactions at the point of origination, instead of the traditional central bank or processing center. Checks and cash are image-scanned into the system as they are being deposited into the ATM. For check deposits this is the entry point into the AFS ImageVision POD system where additional processing applications such as CAR (Courtesy Amount Recognition), DREAM (Dynamic Reject Re-entry RE-ENTRY, estates. The resuming or retaking possession of land which the party lately had. 2. Ground rent deeds and leases frequently contain a clause authorizing the landlord to reenter on the non-payment of rent, or the breach of some covenant, when the Repair), fraud detection, Positive Pay, Power Encoding See encode. , and truncation and settlement through a 3rd-party check image exchange, such as Endpoint Exchange, will occur. Following POD, the check images can be imported into the AFS ImageDepot Check Archive for long-term archive, facilitating quick and easy check image retrieval An image retrieval system is a computer system for browsing, searching and retrieving images from a large database of digital images. Most traditional and common methods of image retrieval utilize some method of adding metadata such as captioning, keywords, or descriptions to the and research. Just like AFS ATM Deposit Balancing, AFS ATM Capture is a workflow tool that shifts deposit-balancing routines from the front lines to POD, where item-processing specialists and state-of-the-art technologies assure the most accuracy and the best performance. That means branch personnel have more time to spend with customers. "We predict a growing market for deposit-taking ATMs that accept cash and checks but require less frequent, and costly, courier pick-ups of envelopes filled with checks and cash," said Jeff Vetterick, VP of Marketing for AFS. "AFS ATM Capture gives financial institutions the ability to electronically capture checks at the ATM as a first pass before the items move to the central item processing center for further processing. With capture done at the ATM, financial institutions can detect fraud, allow for earlier availability of funds, and ensure timely and accurate ATM deposit adjustments. Deposit work can begin immediately after the item has been captured at the ATM, thus allowing time to contact the customer in order to understand adjustments that may need to be made." "Financial institutions continue to promote alternative delivery channels to their traditional branch offices and ATMs have become the most widely used alternative," said Safwan Shah, President of Infonox. "Until very recently processing ATM deposits have been a costly, tedious, and labor intensive Labor Intensive A process or industry that requires large amounts of human effort to produce goods. Notes: A good example is the hospitality industry (hotels, restaurants, etc), they are considered to be very people-oriented. See also: Capital Intensive, Trading Dollars task. We see a strong demand for a solution like AFS ATM Capture, which is why we believe our relationship with AFS is invaluable. Financial institutions will leverage the combined check imaging and deposit automation technology of AFS and our Active Payment Platform (TM) to revolutionize check and cash deposit handling at the ATM." AFS (Booth #1746) and Infonox (Booth #2220) will be jointly demonstrating the capabilities of AFS ATM Capture in the Exhibit Hall at the BAI Retail Delivery Conference in Atlanta, Georgia, November 5 - 8, 2002. Conference attendees are invited to participate in a demonstration of this solution by first stopping at the Infonox booth and depositing a sample check (and obtaining an image-receipt) at the ATM machine set up in their booth, and then proceeding to the AFS booth where they can see the full suite of AFS processing options as well as a POD Run with an image of the sample check that was just deposited. About Advanced Financial Solutions AFS is a leading provider of image-based processing, payment, and transaction software technology for companies engaged in banking, retail, energy, insurance, transportation, credit, and government operations This article aims to describe the financial expenditure associated with the operations and processes of world governments of all levels. Size of economic footprint
Oklahoma City is the capital of the U.S. state of Oklahoma. The county seat of Oklahoma County, the city is the 30th largest city in the U.S. , AFS maintains offices worldwide. One of the nation's fastest growing private companies for four consecutive years according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Inc. Magazine, AFS provides customer solutions that improve productivity, flexibility, efficiencies, and service levels. Gary Nelson
Gary Nelson today is a high-level NASCAR technical inspector. He previously was a major component in the DiGard Motorsports and Hendrick Motorsports teams. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AFS, was selected as the Southwest Area's Ernst & Young Technology Entrepreneur Of The Year. Visit AFS on the Web at www.afsimage.com About Infonox Infonox provides infrastructure software for businesses to deploy, aggregate and manage transaction services. Infonox's Active Payment Platform (APP) enables businesses to rapidly build and aggregate transaction services on PCs, POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale terminals, mobile devices and ATM machines. An integrated suite of products and services handles application deployment and configuration, transaction processing, security, risk management, reporting, monitoring, device and terminal handling, identity verification Noun 1. identity verification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or and media delivery systems. Infonox partners with leading transaction service providers, banks, non-bank financial institutions, acquirers, ISOs and enterprise customers. For more information, please visit www.infonox.com. |
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