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Carreker Corporation
Press Release - January 27, 2005
Carreker CEO to Discuss Offshore
Payments Processing at The 2005 Outsourcing
World Summit
DALLAS and
SAN DIEGO, (January 27,
2005) – Carreker Corporation
(Nasdaq: CANI), a leading provider
of technology and consulting solutions
for the financial industry, and Michael
F. Corbett & Associates, a research
and training firm dedicated to advancing
outsourcing as a powerful management
discipline, today announced that
Carreker chairman and CEO, J. D.
(Denny) Carreker, will be a featured
speaker at The 2005 Outsourcing World
Summit, February 22, 2005 in San
Diego, CA. Carreker will discuss
the future of the financial services
industry and the role outsourcing
is playing in building that future.
The session, entitled "Offshoring
Payments Processing: How Electronification
and Globalization Are Transforming
the Payments Business" explores
how powerful trends in payments processing
are converging to create a powerful
business case for banks to offshore
a growing number of back-office payments
processes.
Mr. Carreker, founder of the bank
consulting/technology firm that serves
the leading banks around the world,
will describe:
- how Check 21, image processing
and other drivers of payment electronification
are compelling banks to reduce
their paper processing costs and
simultaneously breaking down geographical
constraints;
- the key components of the business
cases for offshoring individual
back-office functions;
- and how banks are increasingly
taking advantage of globalization's
advantages to optimize their payments
business.
Carreker said, "With dramatically
declining check volumes and increased
per-item processing costs, financial
institutions are being forced to
reevaluate their payments operations.
Business process outsourcing offers
increased efficiencies and immediate
cost savings in a truly global environment."
Carreker Corporation and Mastek
Limited, a leading global outsourcing
company, are joint owners of Carretek
LLC, a transformational business
processing outsourcer for transaction
processing.
"The Outsourcing World Summit has
long been at the forefront of the
field. Denny's insights into how
outsourcing can help address the
changes taking place in the banking
industry will be particularly relevant
and valuable," comments Mike Corbett,
Chairman of The Outsourcing World
Summit.
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.
About Carretek
Carretek was formed in May 2003 as
a partnership between Carreker
Corporation and Mastek. For more
information, visit www.carretek.com.
Carretek offers companies the opportunity
to significantly reduce costs while
maintaining high quality standards
for real time and near real time
payment and transaction operations
by combining domain expertise with
state of the art information security,
imaging technology, process reengineering
and the cost efficiencies of a
global workforce.
About The Outsourcing World Summit
The Outsourcing World Summit is a
unique, once-a-year global gathering
designed for and attracting the
key players from across the field.
It explores the issues of the day
including globalization, offshoring,
industry convergence, and the politics
of outsourcing. Main Session speakers
include: Michael F. Corbett, outsourcing's
best-known expert; Robert Reich,
economist, professor, author, and
former U.S. Secretary of Labor;
Fred Brown, one of the healthcare
industry's most respected leaders
and past chairman of the American
Hospital Association; and Chris
Disher, Vice President and leader
of Booz Allen's global commercial
outsourcing service. To view program
details and register for The 2005
Outsourcing World Summit please
visit www.corbettassociates.com.
About Michael
F. Corbett & Associates,
Ltd.
Michael F. Corbett & Associates,
Ltd., Outsourcing's Global Resource®,
is a research and training firm dedicated
to advancing outsourcing as a powerful
management discipline. The company
produces the field's premier conference,
The Outsourcing World Summit®,
and provides leading-edge insights
and information on outsourcing through
its Website www.firmbuilder.com.
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