Select Portfolio Services Chooses Advanced Financial Solutions

Thursday 4 November 2004 21:21 CET | News

Select Portfolio Services (SPS) has selected Advanced Financial Solutions (AFS), ImageVision Remittance as the cornerstone of its new payment processing technology infrastructure.

AFS ImageVision Remittance is the industry leading image-based recognition, and remittance payment processing application. Servicing approximately 300,000 nonprime residential loans, SPS is one of the largest providers of sub-prime residential mortgage loans in the United States. SPS selected the AFS ImageVision Remittance solution, and the full complement of AFS ancillary applications for remittance processing, to process all payment types, with high accuracy, at the lowest unit cost. The AFS ImageVision Remittance solution will integrate and process both paper and electronic receivables (ARC) to accommodate SPS business needs while minimizing operational costs.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce

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