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Carreker
Corporation Press Release - September
14, 2000
Carreker
Corporation to Provide Bank Value
Improvement Process for Central
Carolina Bank
DALLAS,
Sept. 14 /PRNewswire/ -- Carreker
Corporation (Nasdaq: CANI), a leading
provider of e-finance enabling
solutions to the financial industry,
today announced the signing of
a Bank Value Improvement Process
(BVIP) contract with Central Carolina
Bank (CCB). CCB is a subsidiary
of National Commerce Bancorporation
of Memphis, Tennessee.
With
this contract, Carreker provides
CCB the opportunity to employ a
broad range of consulting and software
services including Revenue Enhancement
and Consolidation Management. CCB
also will have the flexibility
to deploy additional Carreker services
as needs are identified.
"Carreker's
BVIP is designed to impact a bank's
earnings quickly and positively
through identifying cost savings
and increased revenue opportunities
from current sources. This process
brings all possible solutions to
the table from the beginning, matching
needs from throughout the bank
with appropriate solutions," said
J.D. "Denny" Carreker, Chairman
and Chief Executive Officer of
Carreker Corporation. "This contract
marks a significant event for our
company, as it underscores the
success and value that can be generated
by all of our products and services
working together to increase value
for our clients and investors.
CCB will clearly benefit from a
cross-functional approach to improving
efficiencies and enhancing revenues."
"This
engagement is also a clear example
of how consolidation in the financial
industry continues to strengthen
the demand for our services:
-
First,
merging institutions are under
great pressure to show rapid
earnings results, growth in
revenues, expense savings,
efficiencies and immediate
synergies to their shareholders.
As a result, they quickly invest
in outside expertise and software
that can provide them with
a comprehensive solution. Since
we work with most acquiring
banks, we are likely to get
involved in these efforts.
-
Second,
consolidation continues to
increase the size of our customer
base. As financial institutions
grow, resulting from mergers
and acquisitions, they bubble-up
into our primary market and
are able to fully realize the
substantial benefit from the
revenue-enhancing, e-finance
services we provide," Carreker
said.
"Carreker
always works closely with clients
to create substantial improvements
in revenue performance. The significance
of this long-term engagement is
that it allows us to work together
to implement the best strategies
from all of Carreker's products
and services to create immediate
benefits to CCB," said Carreker
Managing Director Bill Stuart.
About
CCB:
CCB
serves 87 communities through 207
offices located primarily in the
Piedmont Crescent region of the
Carolinas. In March 2000, CCB and
National Commerce Bancorporation
announced a definitive merger of
equals agreement, creating the
Southeast's premier high-growth
banking franchise. The combined
company is headquartered in Memphis,
Tennessee, with its operations
headquarters in Durham, N.C.
About
Carreker:
Carreker
Corporation is a leading provider
of integrated consulting and software
solutions that enable banks to
increase revenue and/or reduce
costs, while leveraging institutions'
existing core competencies in order
to realize their e-commerce potential.
The company's offerings include
revenue enhancement, payment systems
and e-business solutions. The company's
customers include 170 financial
institutions in the United States,
Canada, United Kingdom, Ireland
and Australia, and 70 of the largest
100 banks in the United States.
For more information about Carreker,
please visit the company web site
at http://www.carreker.com.
Forward-Looking
Statement -- In addition to historical
information contained herein, other
matters discussed in the news release
are forward-looking statements
within the meaning of Section 27A
of the Securities Act of 1933,
as amended, and Section 32E of
the Securities and Exchange Act
of 1934, as amended, and are subject
to the safe harbors created thereby.
The Company's future actual results
could differ materially from the
forward-looking statements discussed
herein because of the factors discussed
from time to time in the Company's
public reports filed with the Securities
and Exchange Commission, such as
those discussed under "Risk Factors" included
in its report on Form 10-K for
the year ending January 31, 2000.
SOURCE
Carreker Corporation
CONTACT:
Terry Gage of Carreker Corporation,
EVP & CFO, 972-371-1454,
fax:972-458-2567.
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