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.

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