Advanced Financial Solutions Prepares for AFS Vision 2003 User Conference Beginning September 10.

Business Editors/High-Tech Writers

AFS Vision 2003

OKLAHOMA CITY--(BUSINESS WIRE)--Sept. 3, 2003

Record Pre-Registration Sets Stage for Largest AFS Conference in

History; Distinguish Panel Takes the Stage to Discuss Implications

of the Check 21 Act on America's Banking System and Consumers

Payment and transaction software development company Advanced Financial Solutions (AFS) today reported record pre-registration for its annual user conference scheduled September 10-12, 2003 in Oklahoma City at the Cox Convention Center.

AFS expects some 500 participants from 12 foreign countries and 48 states will attend the AFS Vision 2003 event, where the theme of this year's user conference is "New Frontiers: The Convergence of Payments." The event marks the 8th user conference since the founding of the company in 1992.

"Our conferences always bring together bright minds and bright ideas from the ever-growing AFS worldwide user community," said Gary Nelson, AFS president and chief executive officer. "The conferences provide a forum where our users share experiences and advise with fellow AFS users, as well as join product and technical discussions aimed at helping to define and shape future AFS products and services."

Vision 2003 attendees will experience first-hand the newest product developments in the company's payment and transaction solutions for financial services, public sector, transportation, retail, utilities, healthcare and additional strategic markets. Additionally, the conference will also feature educational and peer-to-peer sessions to help users broaden their knowledge of AFS solutions and an exhibit hall, with some 25 AFS partner organizations exhibiting their latest innovations.

AFS's senior vice president of research and development, Michael Miller, and product directors will showcase the company's news applications and show how easy it is for customers to upgrade during "Product Direction Process Sessions" held during the three-day conference.

In response to one of the significant regulatory developments for the financial services industry, AFS will present an in-depth product technologies presentation on electronic check exchange and clearing solutions, leading up to the anticipated passage by Congress this year of Check 21, also known as the Check Truncation Act of 2003.

"The passage of Check 21 will trigger a sweeping modernization of America's banking system, replacing the paper exchange of checks with an image-based digital exchange network," Nelson said. Many financial leaders consider the legislation as the most far-reaching development since the passage of the Monetary Control Act in 1980.

The Check 21 Act will facilitate the exchange of images, permitting banks to truncate checks and substitute an imaged check for a paper one.

"We began working with our customers over 18-months ago to help them understand the profound opportunities presented by the passage of Check 21, preparing them to transition in an operationally efficient and cost-effective manner," Nelson said. "At last year's conference our research group presented new software technologies that enabled financial institutions of all sizes to adapt their processes, platforms and technologies to image exchange using their existing image infrastructure. It was well received and today provides a viable e pathway for banks to become full participants in the emerging image-based environment."

At this year's conference AFS will host a distinguish group of banking leaders, financial analysts, and government officials from across the country to share expert insights on the wide-ranging implications of Check 21 on the industry and consumers.

"We are honored to have such a prestigious and diverse array of panelists," Nelson said. "These leaders will leverage their expertise to share with our users their unique insights. Open only to registered attendees and invited guests, this session will be exceptionally informative and beneficial."

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. Founded in 1992, AFS has been consistently delivering high-quality image-based and conventional check and remittance processing solutions for over a decade.

    The panelists are:

    --  Steve Ledford, President Global Concepts

        Global Concepts is a consulting and research firm specializing
        in payment systems for an international roster of major
        clients. Considered one of the top payment strategists in the
        industry, Ledford's experience spans over 20-years.

    --  C. Grant Cole, Senior Vice President, Bank of America

        In his senior position at Bank of America, Cole's
        responsibilities include industry and government relations.
        His interaction with local clearinghouses, the Federal Reserve
        and Congress as it relates to the Check 21 Act enables him to
        provide compelling perspective on the development of the
        legislation.

    --  Cutis L. Hage, Past Chairman, America's Community Bankers and
        Chairman and CEO of Home Federal Bank

        As the immediate past chairman of the America's Community
        Bankers (ACB), Hage joined other banking leaders to testify
        before the House Banking and Financial Services Committee in
        support of the Check 21 Act.

    --  Steve Whitney, Senior Vice President, Federal Reserve Bank of
        Boston

        A 25-year professional with the Federal Reserve Bank of
        Boston, Whitney's responsibilities include check process for
        the First District, customer service and Fedimage Services. In
        this capacity, his credits include developing a plan to use
        image technology for return checks. He currently oversees the
        Federal Reserve's produce and operational strategy for
        implementing of the Check 21 Act.

    --  Shahrokh Ghassemi, Senior Vice President, Wachovia Corporation

        With over 25 years of experience in the application of
        technology in the banking industry, Ghassemi provides a
        frontline operational view of check processing and check
        digital technology strategies and readiness for Check 21.

    --  Mark Craig, General Manager, CheckClear, LLC

        A veteran check processing operations expert with over
        23-years in the banking industry, Craig heads Endpoint
        Exchange, a national image-based network that enables
        financial institutions to exchange checks using image
        technology.

    --  Fred Redeker, President and CEO, The National Clearing House
        Association

        Redeker is well known and respected in the banking industry,
        recognized as one of the leaders in the check clearing area.
        His vast experience leading a number of banking and financial
        organizations puts him at the forefront of the conversion from
        a paper to an image-based environment.

    --  Ted Umhoefer, Senior Vice President, Fiserv, Inc.

        Mr. Umhoefer helped lead the nation's first major check image
        exchange pilot program, with the Fed's proof of concept model
        used in Montana from 1999 to 2001. He heads the product
        management and industry relations functions for Fiserv, one of
        the country's largest information management service providers
        to the financial industry.

For more information about AFS and the AFS Vision 2003 User Conference, visit www.afsimage.com.