Bisys to Sell Image-Based Pay Software

American Banker, June 9, 2004

Following are excerpts from a June 9, American Banker article that discusses Carreker agreement with Bisys to re-sell Carrekerxs NeXGen Remittance solution to community banking companies.

Bisys Group Inc. announced an agreement Monday to resell Carreker Corp.'s NeXGen Remittance software to community banking companies.

The image-based payment processing platform is designed for small and midsize financial institutions and can handle up to a million items per day.

It works with retail, wholesale, and exception payments.

"Our clients have expressed a high interest in elevating their payment-based product capabilities, particularly as Check 21 further democratizes the payments landscape," Bill Neville, the president of Bisys Information Services in New York, said in a press release.

J.D. Carreker, the Dallas software company's chairman and chief executive, said the agreement could "significantly expand our sales potential in a target market at a time when this market is actively seeking the best payments solutions available."