Advanced Financial Solutions and IBM Extend Check Imaging and Image Exchange Solutions in the Community Banking Marketplace.

Business Editors

OKLAHOMA CITY--(BUSINESS WIRE)--Sept. 12, 2002

AFS and IBM Focus On Providing Best-Of-Breed and Price Performance

Check Imaging Solutions To Smaller Institutions

Advanced Financial Solutions, Inc. (AFS), an international provider of check image-based application software and Internet delivery solutions for the financial services industry, today announced that they have entered into a relationship with IBM to provide the community financial marketplace (commercial banks below $250 million in assets, and Savings & Loans and Credit Unions below $500 million in assets) with the full suite of best-of-breed AFS check imaging and check image exchange solutions.

To stay ahead of the competition, community financial institutions are under pressure to offer check-imaging solutions. With new check imaging technologies reaching the market at a torrid pace it becomes increasingly difficult to understand and make judgments about all the alternatives. With solutions delivered via the AFS - IBM relationship, community financial institutions will be adding best-of-breed check imaging and capture capabilities identical to the ones that have been running in the world's largest, most demanding banking environments.

"IBM's Business Partner Program allows our customers to benefit from best-of-breed technology and service partnerships," said Stuart Billick, Banking & Finance Segment Executive, IBM Small & Medium Business. "Our customers are seeking reliable and accurate check imaging and image exchange technology. Through our relationship with AFS we are positioned to offer a complete end-to-end check imaging solution, from image statements and image archive to image-based fraud detection and document file folder solutions."

"We have a long-standing relationship with IBM and we continue to grow this relationship because we are creating tremendous value for our customers," said Gary Nelson, President and CEO of AFS. "Financial institutions rely on AFS and IBM to provide them with state-of-the-art technology solutions, business strategy, and services expertise that help them achieve their business objectives with an eye to the future. Our partnership with IBM is between two global financial service brands that share the same commitment to excellence in technology solutions and customer service. Together, AFS and IBM will provide our community financial marketplace customers with unmatched check imaging solutions, reliability, security, and scalability."

AFS has initiated extensive rollout plans to introduce this "best-of-breed" check imaging solution to the community financial marketplace. "AFS and IBM will ensure that our community financial institution customers get the check imaging software and services that match their precise strategic requirements. We will work with our customers through the implementation process, ensuring that any check imaging solution integrates seamlessly with their existing host system or service bureau infrastructure," said Chuck Butler, AFS General Manager for Channel Sales. "AFS and IBM have answered the challenge of how to deliver feature-rich check imaging solutions to the community financial marketplace anywhere in the country."

About Advanced Financial Solutions

AFS is a leading provider of image-based processing, payment and transaction software technologies for companies engaged in banking, retail, energy, insurance, transportation, credit and government operations, worldwide. AFS customers process more than 43 million checks and documents per day using our AFS ImageVision, AFS ImageDepot, and AFS ImageRemittance image-based recognition, payment, and remittance software applications. Over 24 percent of U.S. banks, savings and loans, and credit unions process their check-based transactions using AFS technology. AFS check imaging solutions are designed from the ground up with the special functionality that financial institutions need for operating in a transaction based environment. Headquartered in Oklahoma City, AFS maintains offices worldwide. Inc. Magazine ranked AFS as one of America's fastest growing private firms each of the last four years. Gary Nelson, President and CEO 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.