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Carreker
Corporation Press Release - September
7, 2004
Carreker Corporation, Payments
Consulting and Technology Leaders
in America, Debuts Technology Solutions
for Banks in France
High Value Solutions, Proven
in Other Countries, to Help French
Banks Protect against Money Laundering
and Fraud, Optimize Cash Operations,
and Migrate from Paper to Image
Processing
Paris, France (September
7, 2004) — Carreker Corporation,
a leading provider of technology
and consulting solutions for the
financial industry, announced today
that the company is making its proven,
high-value solutions – already
used by leading banks around the
world – available to banks
in France.
Said J. D. (Denny) Carreker, chairman
and CEO of Carreker Corporation,
who founded the Dallas, Texas-based
company in 1978, “We are pleased
to learn from our extensive research
among French bankers that our solutions
have broad applicability to the challenges
they are facing. In particular, our
experience in helping American banks
make the shift from paper checks
to image processing can be of value
to French banks who are seeking to
make a similar shift.”
“Equally attractive to French
banks, given the growing exposure
to money laundering and fraud, are
our anti-money-laundering and check
fraud mitigation solutions, which
have proven applicability in many
countries,” Carreker added. “Our
suite of solutions for helping banks
optimize the cash supply chain can
also bring significant value to banks
in France.”
- Payment Solutions: Among
Carreker’s payment solutions
available to French banks are:
- NexGen Remittance for processing retail,
wholesale, and exceptions on a single platform
- Image Archive for storing and accessing check
images, as check electronification unfolds
across the French payment system
- Risk Management: Carreker’s
risk management solutions for French
banks include:
- FraudLink for detecting check fraud at various
points in the check workflow
- CORE AML for detecting money-laundering suspects
in transactions and accounts
- CORE Fraud Manager for identifying suspicious
activity across all bank channels, transactions,
and data types
- Cash & Logistics: For
optimizing the cash supply chain,
Carreker offers French banks its
iPAC solution including software
for reducing non-earning cash inventory,
streamlining the cash handling
infrastructure, minimizing transportation
expense, and optimizing cash delivery
channels and workflows
- Global Payments Consulting: Carreker
will also offer custom management
consulting services, drawing on
the company’s deep expertise
in payments-related strategy and
implementation.
The announcement was made at a French
Bankers Forum at the Four Seasons
George V hotel in Paris, sponsored
by Carreker. Besides Denny Carreker,
who gave a presentation on “The
American Check 21 Experience and
Its Parallels for French Banks,” the
agenda also included Webb Edwards,
Chief Information Officer for Wells
Fargo, who spoke about, “The
Wells Fargo Experience and Payment
System Infrastructure.” French
banks are facing many of the same
challenges as their American counterparts
as they seek to manage the transition
from checks to electronics without
incurring rising unit costs or sacrificing
revenues. The Forum was attended
by several of the leading payments
experts in French banking, with all
major banks and the Banque de France
represented.
Carreker Corporation already serves
more than 250 clients, mainly financial
institutions and their processors,
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. Besides its
Dallas headquarters, the company
has offices in London and Sydney.
For more information, visit www.carreker-international.com.
Forward Looking Statements -
Except for historical information,
the statements in this release,
including statements regarding
future financial performance, contain
forward-looking statements within
the meaning of the federal securities
laws. These statements are subject
to numerous risks and uncertainties
that could cause actual results
to differ materially, including
but not limited to the volatility
in the Company’s common stock
price, as well as the risks and
uncertainties arising out of economic,
competitive, governmental and technological
factors affecting the Company’s
operations, markets, services,
products and prices. For further
information concerning certain
of these risks and uncertainties,
see under the caption “Forward
Looking Statements and Risk Factors” in
the Company’s most recent
Form 10-K for the year ended January
31, 2004. We assume no obligation
to update or revise any forward-looking
statements, whether as a result
of new information, future events
or otherwise, except as may be
required by law.
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