Sky Bank Selects Advanced Financial Solutions ImageVision as its Check Imaging Solution

Wednesday 4 May 2005 11:01 CET | News

Fully Integrated Solution Includes Check 21 Image Replacement Document Applications for Returns and Forward Presentment

Advanced Financial Solutions (AFS), a Metavante company, announced that Sky Bank, the wholly owned subsidiary of Sky Financial Group, Inc., has selected AFS ImageVision as its check imaging solution. With assets totaling $15 billion, Sky Financial Group is a diversified financial holding company based in Ohio. Sky Bank will use the AFS ImageVision enterprise wide platform to consolidate its item processing, retail lockbox, and wholesale lockbox applications. In addition, Sky Bank will now have one image-enabled system integrating all its payment processing data into a single, easy-to-access information silo. AFS ImageVision payment processing suite provides Sky Bank with services such as: proof-of-deposit, reject repair, online check research, image statements, and integrated wholesale and retail lockbox processing. Additionally, Sky Bank is deploying two Check 21 solutions, AFS Return 21 and Forward 21, enabling banks to produce Image Replacement Documents (IRDs) or substitute checks for returns and forward presentment. IRDs allow banks to truncate 100 percent of transit items and reduce the number of physical items by sorting them electronically and printing IRDs for the returned items.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce