Visit CheckFree Website
     
 

Carreker Corporation Press Release - August 5, 1999

Carreker-Antinori Introduces New Revenue Enhancement Business Group

James E. McHale Joins as SVP to Head Transportation Services Group

(Dallas, August 5, 1999) - Carreker-Antinori, Inc. (NASDAQ: CANI), a leading provider of integrated consulting and software solutions to the financial industry, announced the formation of a new business group - Transportation Services - within the company’s Revenue Enhancement division. The company has appointed James E. McHale as Senior Vice President and Managing Principal of this new line of business. The Transportation Services Group will assist financial institutions and retailers that deploy ATMs to improve management and reduce costs associated with their ATM operations.

"Introducing new lines of business like the Transportation Services Group, is one of our strategies aimed at increasing shareholder value and achieving continued long-term growth," says Wyn Lewis, executive vice president, Revenue Enhancement division, Carreker-Antinori. "The solutions provided by this new business group are a logical complement to many of the company’s existing product and service offerings, especially our Liquidity Management solutions."

Carreker-Antinori’s Liquidity Management Group is the market leader in assisting U.S. banks to lower currency levels in use at branches, ATMs and vaults. The focus of the new Transportation Services Group is improving ground armored car infrastructure for areas such as ATM deposit processing through analysis of route structures and efficiencies. They will also concentrate on instituting Transportation Best Practice solutions across multiple industries that will include banking, retail chains (i.e. grocery stores) and transportation suppliers to these industries.

"My foremost objective is to quickly establish the Transportation Services Group as an integral part of Carreker-Antinori’s packaged solutions approach to business," says Mr. McHale. "Clearly, Carreker-Antinori is perceived as being the primary supplier of cash reduction solutions in the U.S. and I am excited to join them, and I also look forward to adding value to the company and our clients."

Mr. McHale has 25 years of senior management experience that includes several years as senior vice president-Banking Services at Loomis, Fargo & Co. While at Loomis, Fargo & Co. he was responsible for the growth and direction of its ATM division and the creation of its Banking Services Operation. Since January 1998 Mr. McHale has successfully created and grown an independent transportation service consulting practice, The McHale Group. The McHale Group provided consulting services to major financial institutions, independent service organizations and armored carrier companies.

For additional information, please contact Public Relations, Carreker-Antinori, (800) 486-1981.

 
     
Payment Processing | Financial Institutions | Bank Technology | Bank Consulting | Image Exchange
Risk Management | Cash Management | Revenue Enhancement | Customer Value Enhancement | Banking