Advanced Financial Solutions Releases ImageVision xPay, ImageVision iBox, & ImageVision Medical Payments -- Newest Additions to AFS ImageVision Payment Suite.Business Editors OKLAHOMA CITY--(BUSINESS WIRE)--June 17, 2003 New Solutions Extend The Capabilities Of The ImageVision Payment Suite 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 image-based payment processing solutions, today announced the release of ImageVision xPay, an automated exception processing solution for AFS or third-party legacy payment systems, ImageVision iBox, an integrated platform for wholesale and retail lockbox Lockbox A collection and processing service provided to firms by banks, which collect payments from a dedicated postal box to which the firm directs its customers to send payment to. processing, and ImageVision Medical Payments, an automated medical lockbox processing solution. ImageVision xPay, ImageVision iBox, and ImageVision Medical Payments are the three newest members of the AFS ImageVision Payment Suite -- a family of products that address all aspects of today's rapidly changing payment processing environment for financial institutions, government organizations, insurers, mortgage companies, utilities, cable companies, health care organizations, and third-party processors. ImageVision xPay is a highly sophisticated automated exception processing application designed to work with an AFS remittance Money sent from one individual to another in the form of cash, check, or some other manner. Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance. REMITTANCE, comm. law. processing solution or with an existing corporate payment infrastructure, allowing remittance and lockbox operations to leverage their investments in current legacy enterprise systems. Stated Steve Parnell, AFS Vice President for Remittance Solutions, "In addition to its integration flexibility, ImageVision xPay provides remittance and lockbox operations with the ability to interactively review and correct exceptions prior to receiving a data transmission file into the system. This allows for intra-day processing of exception payments, accelerated accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying posting and a significant decrease in overnight courier expense." ImageVision iBox (Integrated Lockbox) is a proven, single integrated platform, image-based remittance and lockbox processing system that accommodates retail, wholetail (OCR OCR in full optical character recognition Scanning and comparison technique intended to identify printed text or numerical data. It avoids the need to retype already printed material for data entry. wholesale), and wholesale lockbox payment processing. "Remittance and lockbox operations will appreciate the flexibility of ImageVision iBox and the ease in modifying and creating new workflows, processes, and validations," said Steve Parnell. ImageVision Medical Payments is designed for payment processors to automate the healthcare remittance processing cycle and handle new HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, regulations. 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. Steve Parnell, "ImageVision Medical Payments offers an economical, and highly successful solution for payment processors that wish to implement imaging, data conversion, data enhancement, and remittance integration solutions for medical claims. ImageVision Medical Payments offers more than just cash posting, it offers complete remittance management." ImageVision xPay, ImageVision iBox, and ImageVision Medical Payments are built on the AFS ImageVision Platform. The AFS ImageVision architecture unites all processes and systems under one common infrastructure, providing a fully integrated and seamless approach to payment processing. The ImageVision Platform provides the base debit/credit engine and tool sets to process all types of payments -- debit or credit transactions, through paper or electronic acquisition, from any source to any destination. 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
(operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. NT operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. . 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 City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm , AFS maintains offices worldwide. |
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