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AFP Annual Conference Highlights Innovations and New Services for Treasury and Finance Professionals

Leaders in Treasury and Finance Discuss Issues and see the Latest Products and Services from more than 250 Companies in the AFP Exhibit Hall Showcase

San Antonio, TX –– October 9, 2005 –– The more than 6,000 treasury and finance professionals attending the Association for Financial Professionals’ Annual Conference taking place this week in San Antonio, Texas are meeting to discuss the issues impacting their professions and the latest trends and techniques in treasury management. As part of the Conference the leaders from the industry are also getting a first look at the latest innovations, products and services for treasury management highlighted by more than 250 cutting-edge service providers in the AFP Exhibit Hall.

“Each year the AFP Showcase provides an opportunity for the decision-makers in treasury and finance to see in one place all the latest innovations that are advancing the treasury function,” said Jim Kaitz, President and CEO of the AFP. “Treasury professionals are facing a broad range of legislative and economic issues that are shaping the strategic role of the treasury function, and the rapid innovation in financial systems and technology are making this one of the most exciting times for our profession. The Exhibit Hall highlights new products and services that will aid professional in performing their roles.”

Among the companies participating in the AFP Exhibit Hall are more than 250 leaders in banking, technology, and consulting services. Major exhibitors include American Express, Bank of America, Citigroup, Comerica Bank, Fidelity Investments, First Data, HSBC Bank, Nextel, Scotia Bank, Standard & Poor’s, Sun Guard Treasury Systems, Sun Trust, Union Bank of California, VISA USA, and Wells Fargo. Among the new products and services being previewed or unveiled at the AFP Annual Conference are:

  • Check21-enabled high-speed desktop check image scanner and a new corporate treasury system both from Cheq Information Technology;
  • Electronic method of check endorsement from Cheq Information Technology;
  • Structuring techniques designed to help the broader mid-market segment with trade receivable financing from Efficient Capital Corporation;
  • Digital capture solution for processing checks and deposits remotely from Frost Bank;
  • On-line treasury management service now offered as an outsourced Application Service Provider (ASP) from Gateway Systems;
  • Real-time foreign exchange service for companies engaged in international trade from Hibernia National Bank;
  • Enhanced remote capture capabilities and expanded virtual lockbox and cash vault sites from Key Bank;
  • Conceptual biometric user-authentication solutions from KeyBank;
  • Two-sided imager for low volume e-Check applications from RDM Corporation;
  • Enhancements to its transaction processing platform, Image & Transaction Management System (ITMS), from RDM Corporation;
  • Desktop data capture/imaging capture solution designed for the Check21 regulation from RemitPro;
  • Optical character recognition, Payee Name Verification enhances check fraud control services from Sun Trust; and
  • Fast-track technology system that helps treasury professionals streamline cash operations and meets the Sarbanes-Oxley compliance mandate from XRT.

The AFP Exhibit Hall is open to all registered attendees at the AFP Annual Conference. News from the AFP Exhibit Hall will be featured on a special web page that can be found at www.afponline.org/press .

The Association for Financial Professionals, headquartered in Bethesda, Maryland, supports more than 14,000 individual members from a wide range of industries throughout all stages of their careers in various aspects of treasury and financial management. AFP is the preferred resource for financial professionals for continuing education, financial tools and publications, career development, certifications, research, representation to legislators and regulators, and the development of industry standards. Sponsored by the Association for Financial Professionals, The CTP (Certified Treasury Professional) designation is the globally recognized industry standard for treasury and a requirement for a changing profession. More than 16,000 professionals have earned AFP's certification since 1986. For more information about AFP visit www.AFPonline.org.

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