ICBA selects Advanced Financial Solutions for cheque imaging

ICBA selects Advanced Financial Solutions for cheque imaging

US community banking association ICBA has selected Advanced Financial Solutions (AFS) as its recommended provider of in-house cheque and document imaging systems to its member firms.

Oklahoma-based AFS will offer ICBA members its ImageVision prodcut, a Windows NT-based system that supports electronic capture, encoding and clearing of cheques and other items.

Gary Nelson, president and CEO of AFS, says: "While cheques remain the predominant form of payment in our country, new image-based electronic solutions that change the way payments are made, processed and collected are now available from AFS."

ICBA says its research shows that 39% of community financial institutions plan to evaluate cheque-imaging applications this year.

The association selected AFS from a list of over 20 other vendors.

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