Sterling Savings Bank Selects Advanced Financial Solutions

Tuesday 25 January 2005 22:02 CET | News

Sterling Savings Bank, a leading regional community bank serving the Pacific Northwest, has selected Advanced Financial Solutions (AFS) Direct Merchant as its remote merchant capture solution.

AFS Direct Merchant is a distributed capture solution designed to provide the bank’s commercial and corporate customers with the convenience of capturing images of check payments in their own back office, where they are received. Once the payments are image-captured they are sent through a secure Internet connection, to Sterling Savings Bank’s central payment processing center to begin the clearing process. AFS Direct Merchant provides a variety of benefits and cost savings for both Sterling Savings Bank and its corporate and commercial clients. Commercial business customers will realize accelerated funds availability, the consolidation of accounts, the elimination of transportation and courier issues, and reduced errors and exposure to fraud. Sterling Savings Bank will benefit by truncating the flow of costly paper check processing, by expanding their reach to corporate accounts that were previously not geographically viable, and by signing new corporate customers, eager to improve availability of funds by capturing check images earlier in the clearing process, at their place of business, where the payments occur.

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

Payments & Commerce