BB&T to Install Carreker's IRD Author

Will Wade
January 12, 2006
American Banker

Following are excerpts from an article that appeared in the January 12, edition of American Banker.

BB&T Corp. has agreed to use image replacement document production software from Carreker Corp.

The Winston-Salem, N.C., banking company plans to implement Carreker's IRD Author, which generates and processes paper printouts of check images.

With Carreker's software banks can print the IRDs on-site or forward the files to a remote printing facility closer to paying banks.

The Dallas company said the Federal Reserve banks are using its software to produce about 1.8 million IRDs a day.

J.D. (Denny) Carreker, Carreker's chairman and chief executive, said Monday in a press release, "As the industry continues its transition to electronification, IRDs are playing an important role in bridging the gap between banks, such as BB&T, with imaging capabilities and those without."