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Carreker Chosen to Deliver Comprehensive
Check 21 Readiness Workshops to
Fidelity Integrated Financial Solutions’ Client
Base
More than 1,300 financial
institution clients can benefit
from Carreker’s industry
leading Check 21 Readiness Workshop
LAS VEGAS, NV—BAI TransPay
Conference (May 19, 2004)—Carreker
Corporation (Nasdaq: CANI), a leading
provider of technology and consulting
solutions for the financial industry,
and Fidelity Integrated Financial
Solutions (IFS), a division of
Fidelity National Financial, Inc.
(NYSE:FNF), a Fortune 500 provider
of products and outsourced services
and solutions to financial institutions
and the real estate industry, announced
today an alliance in which Carreker
will offer Check 21 Readiness consulting
services to the more than 1,300
financial institutions that comprise
Fidelity IFS’ client base.
Carreker’s Check 21 Readiness
Program consists of a variety of
offerings including an intensive
two-day workshop designed for all
areas of a bank impacted by Check
21. It is delivered on site at the
client bank, tailored to the bank’s
business strategy and technology
environment and focused on ensuring
that the bank’s Check 21 response
is synchronized across the enterprise.
It includes a comprehensive post-workshop
analysis of the relative preparedness
of each area of the bank and a detailed
report that guides the bank’s
ongoing preparations and prioritization.
In addition to the on-site workshops,
Carreker offers a series of advanced
Check 21 Readiness Webinars, designed
to provide the participants with
a complete understanding of the critical
tasks associated with Check 21.
“As Check 21 promises to produce
some of the most sweeping changes
that the financial services industry
has witnessed in years, we wanted
to form an alliance with a proven
leader that could help our entire
client base get prepared to fully
realize the benefits as well as recognize
the challenges that Check 21 will
bring,” said Gary Norcross,
president, Fidelity Integrated Financial
Solutions. “This alliance allows
both parties to extend their market
reach and penetration, Fidelity by
leveraging Carreker’s well-established
name to gain access to clients that
we may not normally be able to reach
and Carreker by delivering their
Check 21 Readiness Program to our
extensive client base.”
“It’s obvious to us
that financial institutions that
outsource key processes have a double
challenge in preparing for Check
21 – making sure that their
requirements are compatible with
the outsourcer’s Check 21 offerings
and more importantly continuing to
provide their customers and members
with the same high levels of service,” said
Steve Hill, director of business
development, Global Payments Consulting,
Carreker. “Through this alliance
Fidelity is clearly demonstrating
its commitment to its clients by
expanding its product offerings to
ensure that clients have access to
a customized Check 21 educational
resource that will help them successfully
transition from a paper-based payments
system to an image and electronic
exchange processing environment.”
“Our bank was able to realize
immediate short and long-term benefits
from this alliance,” said James
Riley, division head, Indirect Client
Services, Wilmington Trust, a Fidelity
client who selected Carreker’s
Check 21 Readiness Program. “The
most important implications of Check
21 that the two organizations helped
us to quickly understand were customer
education, employee training, and
IRD receipt/processing. Just helping
us to prepare for the impact in these
critical areas was vital to our Check
21 strategy. In addition, the Workshops
also allowed us to begin planning
for important issues that will affect
us over the coming months and years
such as source capture, image exchange,
and payments migration.”
Carreker chairman and CEO J.D. (Denny)
Carreker said, “This alliance
further reinforces our leadership
role in providing banks of all sizes
with successful Check 21 migration
strategies. Carreker’s tailored
workshops offer Fidelity’s
large client base of more than 1,300
financial institutions the ability
to maximize the opportunities and
minimize the risks associated with
Check 21.”
In addition to its Check 21 Readiness
and Assessment training Carreker
offers a full range of Check 21consulting
including Customer Awareness Seminars,
image migration planning, and implementation
and integration services, as well
as Check 21-related technology for
distributed capture, image exchange,
image replacement documents, image
quality, and image-enabled back office
functions.
About Fidelity Financial, Inc.
Fidelity National Financial, Inc.,
number 262 on the Fortune 500,
is a provider of products and outsourced
services and solutions to financial
institutions and the real estate
industry. The Company had total
revenue of more than $7.7 billion
and earned more than $860 million
in 2003, with cash flow from operations
of nearly $1.3 billion for that
same period. FNF is one of the
world's largest providers of information-based
technology solutions and processing
services to financial institutions
and the mortgage and financial
services industries through its
subsidiary Fidelity Information
Services, Inc. Fidelity Information
Services processes nearly 50 percent
of all U. S. residential mortgages,
with balances exceeding $3 trillion,
has processing and technology relationships
with 46 of the top 50 U. S. banks
and has clients in more than 50
countries who rely on its processing
and outsourcing products and services.
Additionally, FNF is the nation's
largest title insurance company
and also provides other real estate-related
services such as escrow, flood
and tax certifications with life
of loan monitoring, merged credit
reporting, property valuations
and appraisals, default management,
relocation services, flood, homeowners
and home warranty insurance, exchange
intermediary services, mortgage
loan aggregation and fulfillment,
multiple listing services software,
mortgage loan origination software,
collateral scoring analytics and
real property data. More information
about the FNF family of companies
can be found at www.fnf.com and www.fidelityinfoservices.com.
About Carreker Corporation
Carreker Corporation improves earnings
for financial institutions around
the world. The Company’s
integrated consulting and software
solutions are designed to increase
clients’ revenues and reduce
their expenses, while improving
security and increasing the value
of their customer relationships.
Carreker provides products and
services to more than 250 clients
in the United States, Canada, the
United Kingdom, Ireland, continental
Europe, Australia, New Zealand,
South Africa, South America, Mexico,
and the Caribbean. Clients include
the full range of community, regional
and large banks, among them more
than 75 of the largest 100 banks
in the United States. Headquartered
in Dallas, Texas since 1978, Carreker
Corporation has offices in London
and Sydney. For more information,
visit www.carreker.com.
This press release contains statements
related to future events and expectations
and, as such, constitutes forward-looking
statements. These forward-looking
statements are subject to known and
unknown risks, uncertainties and
other factors that may cause actual
results, performance or achievements
of the Company to be different from
those expressed or implied above.
The Company expressly disclaims any
duty to update or revise forward-looking
statements. The risks and uncertainties
which forward-looking statements
are subject to include, but are not
limited to, the effect of governmental
regulations, the economy, competition
and other risks detailed from time
to time in the "Management's Discussion
and Analysis" section of the Company's
Form 10-K and other reports and filings
with the Securities and Exchange
Commission. |
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