Breaking NewsCUTimes.com will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.

 
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

OKLAHOMA CITY – Advanced Financial Solutions said that Minnesota Item Processing Corporation, a CUSO owned by the Minnesota CU Network, has added AFS’ branch capture solution, Direct Branch, and two new AFS image replacement document solutions – AFS Forward21 and AFS Return 21. MnIPC provides item processing services to 100 Minnesota CUs, processing 50 million items last year. The branch capture and IRD solutions are fully interfaced into MnIPC’s existing AFS ImageVision check imaging platform. MnIPC is deploying AFS Direct Branch to improve branch transaction processing, trim courier costs, and reduce back office processing costs while optimizing the truncation-related benefits of the Check 21 Act. AFS Branch Capture enables MnIPC’s member credit unions to capture and balance deposited items, cashed checks, and payments, while electronically processing and truncating deposit slips and cash tickets. Items received from the member credit unions are streamlined with less paper and fewer errors, and transactions are processed earlier in the day. “We saw a strong business case for remote branch capture, full truncation with IRDs, and check image exchange early on. Branch capture, IRD Print and check image exchange through the Endpoint Exchange Network allow our member credit unions to avoid incurring the rising operating expenses related to ever-increasing transportation costs and poor funds availability,” said Peter Skaalen, MnIPC’s chief operating officer AFS is owned by Metavante.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.