Carreker, Client Expand Pact

August 14, 2006
American Banker

Following are excerpts from the August 14, 2006 edition of American Banker.

Carreker Corp. said one of the largest correspondent banking companies has expanded its license to use the Dallas company's imaging software.

The banking company, which Carreker did not name, has been using its image archive software since 2001 and its image replacement document creation software since 2004.

As more banks start converting checks into images and settling them electronically, the banking company's image volume has increased dramatically, and the new agreement "is for unlimited volume," Carreker said last week.