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ICBA Taps Advanced Financial Solutions to Provide Imaging Solutions to Member Banks

Washington, D.C. (Jan. 15, 2004) - The Independent Community Bankers of America, the nation's largest banking trade association, announced today that Advanced Financial Solutions has been selected as ICBA's Preferred Service Provider offering in-house check and document imaging solutions for community banks.

As community banks reexamine their electronic check processing options after passage of the Check Truncation for the 21st Century Act, ICBA has tapped AFS to provide flexible and scalable imaging solutions. AFS offers turnkey solutions and a systematic approach to training and installation to match the unique needs of community banks.

According to the 2003 ICBA-InFinet Resources Community Bank Technology Survey, 39 percent of community financial institutions plan to evaluate check-imaging applications this year. ICBA responded by evaluating over 20 potential in-house image solution providers before selecting AFS. "As more and more community banks examine the advantages of in-house document and check imaging, we are delighted to have teamed up with AFS, which is well suited for the post Check 21 environment," said Kenneth A. Guenther, president and CEO of ICBA.

AFS ImageVision software interfaces to all the leading core-processing vendors and integrates the most advanced CAR/LAR solutions on the market. The AFS software runs on every commercially available production sorter in the United States, and AFS has demonstrated leadership in check image exchange and next generation approaches to electronic check clearing brought to the forefront by the Check 21 legislation. "We are extremely pleased to have the ICBA's support, which demonstrates that our solutions can help community banks across the country improve their operations and process payments, transactions, and documents more efficiently and profitably," said Gary Nelson, president and CEO of AFS.

Nelson added, "While checks 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, and we are uniquely positioned to help community banks mitigate the impact and extract all the benefits of these new technologies."

"We have been extremely satisfied with the installation expertise, customer support and the training offered by AFS," remarked Robert Bryce, the president and CEO of First Heritage Bank, Snohomish, Wash., and an AFS user. "AFS has demonstrated dedication to the community bank market."