American Banker, May 10, 2004
by Daniel Wolfe

Following are excerpts taken from the May 10, 2004 edition of American Banker article titled BB&T to Use Carreker Software. The article highlights BB&T's newly created payments subsidiary, Creative Payments Solutions (CPS) selection of Carreker's Source Capture solution for remote imaging of customer checks.

BB&T Corp.'s electronic payments subsidiary has licensed check-imaging software from Carreker Corp. that allows corporate customers to scan check images remotely for deposit.

The software, Source Capture, allows corporate customers to turn paper checks into electronic deposits, said John Carreker, the president of Carreker's global payments technology group. "The bank processes that just like it would a paper deposit."

Using Source Capture, corporate customers can scan checks at their offices and transmit them directly to the bank. The software can verify the quality of the image according to standards set by the bank, which can then track and verify the transaction.

The image verification is performed by Image Inspector, another product from the Dallas vendor that is integrated into the version of Source Capture licensed by BB&T.

Future versions of the software will allow scanning at locations such as ATMs and branches, Mr. Carreker said. However, BB&T would have to purchase these enhancements separately.

Both companies said the deal eliminates the need for in-person deposits and helps banks attract customers from beyond the geographic limits of their branch locations. A bank can set its own policies for what becomes of the physical check after it is scanned.