CPS Selects Carreker's Web Capture Product

Maria-Bruno Britz
February 20, 2007
Bank Systems & Technology

Following are excerpts from the February 20, 2007edition of Bank Systems & Technology.

Carreker, a provider of technology and consulting solutions for the financial industry, announced that Creative Payment Solutions (CPS), the payments processing subsidiary of BB&T Corp., has gone into production with multiple financial institutions using Carreker's Source Capture Suite/Web Capture solution.

CPS, which provides ASP services to its parent company and other banks, has licensed the Web Capture solution to several third-party financial institutions that will brand the product as their own and sell it to their corporate customers.

Web Capture is a bank-branded, remote deposit product that allows banks to use image scanners to capture images of checks, balance and correct the deposit, create an electronic deposit, and transmit the check image and deposit data to the bank electronically via the Internet.