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Wachovia Selects Advanced Financial Solutions

Wednesday 10 November 2004 20:33 CET | News

Wachovia has selected Advanced Financial Solutions (AFS), Direct Merchant for its remote deposit capture solution.

AFS Direct Merchant brings the convenience and cost savings of distributed image capture directly to Wachovia’s corporate and correspondent banking clients. With a desktop check scanner and secure Internet access, Wachovias clients will deploy AFS Direct Merchant to capture images of payments at their business locations in a back-office type environment. These images are electronically delivered to Wachovia for posting, and subsequent clearing through either bank-to-bank image exchange, or substitute checks. With geographic boundaries virtually eliminated, AFS Direct Merchant enables corporate and correspondent banking clients to consolidate their payments with a single preferred institution and to gain all the full financial advantages of local processing – through improved cash flow.


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

Payments & Commerce