This provides retail merchants with multiple benefits, ranging from fewer trips to the bank, improved cash flow, and a shortened collection cycle that narrows the window for check fraud with faster authentication and earlier notification of questionable or fraudulent items.

AFS Direct POS provides retail merchants with the ability to scan, capture and send check payments directly from the point-of-sale, as they occur, throughout the day. Returned or non sufficient funds (NSF) checks are identified in hours, rather than days, providing retail merchants with the ability to re-present these items quickly, with a higher percentage of collection.

"AFS Direct POS provides retail merchants with a viable and affordable electronic payments solution that can eliminate the need to physically deliver and deposit checks at financial institutions," said Gary Nelson, president, AFS. "Our solution helps retail merchants optimize their image capture processes by increasing revenue, decreasing costs, and improving operational efficiencies, which can eliminate the expense, risk, and limitations of traditional deposit methods."