Advanced Financial Solutions Releases xVision - Platform Independent Check Image Exchange Solution for Top Tier U.S. Banks.

Business Editors

OKLAHOMA CITY--(BUSINESS WIRE)--Feb. 3, 2004

Solution Provides Optimum Check Clearing

Method Without Software Changes

Advanced Financial Solutions, Inc. (AFS), a leading provider of image-based check processing solutions to the banking industry, today announced the release of a new check image exchange solution for the country's top-tier banks. The new AFS xVision solution enables the country's larger financial institutions to exchange check images with other financial institutions, despite any system and / or platform processing differences, while leveraging heritage ECP (Electronic Check Presentment) infrastructure. AFS xVision will reduce the overhead of managing thousands of new endpoint relationships, providing tremendous value and transaction cost advantages.

The AFS xVision software is designed to isolate a financial institution's check capture and posting system from the check image exchange network and allow the bank to receive electronic cash letters with minimal modifications to its current systems. AFS xVision receives electronic data, with or without check images, and imports the data into the xVision warehouse.

From this point AFS xVision performs image quality assurance testing on all the items. AFS xVision performs 31 tests for image quality and image usability on each item in real time. Images that are found to have serious and indisputable problems, such as compression or file errors, are rejected immediately. These items are then flagged for return to the presenting institution. All other items are carried forward, with any suspect items flagged for the receiving institution's inspection, along with data about which test(s) failed. If the receiving institution wishes, it can return an item on the basis of image quality alone, referencing the appropriate X9.37 code, well within the Reg. CC return windows.

Once the image quality tests are performed and the data is perfected the images are exported to the appropriate banking system for posting, or forwarded to a check image exchange network. AFS xVision is designed to send and receive from multiple check image exchange networks using multiple workflows. This unique design advantage will allow banks to utilize the optimum check clearing method without software changes.

Most large U.S. banks deploy the IBM CPCS (Check Processing Control System) check processing platform. The implementation of AFS xVision provides the gateway for these banks to both support and accommodate image exchanges with other CPCS-based banks participating in image exchange networks, as well as with recent exchange platforms reaching thousands of smaller financial institutions. This strategy removes any constraints regarding interoperability, exchange standards, and record formats, while leveraging the existing investment in CPCS technology.

AFS is leading the way in providing check image exchange interoperability to the top-tier U.S. banks. "AFS xVision will provides these banks with a very reliable and extremely flexible solution for check image exchange," said Steve Winkler, AFS General Manager - Large Banking Division. "With the decline in the volume of paper checks it is imperative for banks to reduce their cost per transaction while containing technology expenditures related to adapting new image-based processes and platforms. AFS xVision is the ideal solution, allowing banks to exchange check images with other institutions with very limited change to the existing check imaging software platform."

AFS expects to announce the first top-tier banking customer for xVision in the next 30 days.

About Advanced Financial Solutions

Founded in 1992, AFS has consistently delivered 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 check imaging solutions are designed from the ground up with the functionality that banks need for operating in a high capacity transaction-based environment. AFS ImageVision is a Windows NT-based system that supports electronic capture, encoding, and clearing of checks and other documents. AFS ImageDepot allows users to archive checks and other digitized documents in a central location and to retrieve those images using traditional Internet based research tools. Headquartered in Oklahoma City, Oklahoma, AFS maintains offices worldwide. Visit AFS on the Web at www.afsimage.com