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Carreker
Corporation Press Release - May
2, 2005
Creative Payment
Solutions Licenses Carreker’s
WebCapture for Small-Volume Customers
WebCapture Supplements CPS Use of Carreker’s
Corporate Capture for Large-Volume Customers
WINSTON-SALEM, N.C., and DALLAS, TX (May
02, 2005) — Carreker Corporation (Nasdaq: CANI),
a leading provider of technology and consulting solutions
for the financial industry, announced today that
Creative Payments Solutions (CPS), the payments processing
subsidiary of BB&T Corporation, has licensed
Carreker’s Source Capture Suite/WebCapture for
business customers and community banks with small
check volumes.
With WebCapture, CPS customers can use low-cost
image scanners to capture images of checks, balance
and correct the deposit, create an electronic deposit,
and transmit the check image and deposit data to
the bank electronically via the Internet, rather
than physically transporting checks to various bank
branches. This new member of the Source Capture Suite
of products also eliminates the need for application
software and ongoing maintenance of software and
profiles at the remote capture site.
CPS was created by BB&T Corporation in 2003
as an electronic payment utility to provide services
to financial institutions, allowing them to take
a leadership role in the evolution of payments in
the United States while maintaining their own brands.
CPS recently announced the successful deployment
of Carreker’s Source Capture Suite/Corporate
Capture.
Source Capture Suite/WebCapture is the latest
component in Carreker’s product suite for capturing
images of checks at remote locations. Other components
include CorporateCapture (already deployed
by CPS for customers with as many as 3,000 items
a day), Branch OTC (being deployed at 3,300
Wells Fargo stores), and Remittance Processing (already
deployed at multiple locations). Additional Source
Capture Suite components in development are: Branch
Behind-the Counter image capture in branches, ATM
image capture and cash vault image capture.
With WebCapture, CPS business customers can
send images of their checks electronically to CPS
in Wilson, N.C. CPS then provides such services as
ACH origination, Image Replacement Document (IRD)
authoring, posting and archive services.
“With Carreker’s Web version of Source
Capture, we can meet the needs of business customers
whose check volumes are smaller but who will value
the benefits of remote deposits,” said Harold
Williams, senior vice president of Creative Payments
Solutions.
“If you are the proprietor of a small business
or the head of a small bank, taking in only a dozen
checks or so a day, WebCapture will allow
you to avoid the trip to the branch and accelerate
availability of funds. Most important, you don’t
have to deal with new software, software prerequisites,
or installation time and costs.”
Regarding CPS’s choice of Carreker’s
solution, Williams added, “Besides our interest
in consolidating our remote image capture technology
on Carreker’s platform, another key reason
for choosing Carreker is image quality assurance.
While most image vendors do include a quality module
in their products, Carreker’s does a far better
job of ensuring the usability of an item. With customers
truncating the checks at the point of capture, leaving
no recourse to the original, it is vital that imaged
items be fully usable.”
John Carreker, president of Carreker’s Global
Payments Technology, said, “As remote capture
of images is becoming one of the fastest growing
sources of image-based revenue for banks and one
of their greatest opportunities for cutting check-related
costs, this latest milestone with CPS is an important
step along our product path toward providing a full-image
capture suite, capable of serving a variety of clients
and their wide-ranging customer segments, all on
one common platform.”
J.D. (Denny) Carreker, chairman and CEO of Carreker
Corporation, said, “One after another, we are
seeing our image-based solutions embraced by the
leading processors. With each success, our vision
for helping banks reestablish their leadership in
the payments business is fulfilled. Source Capture
is clearly one of the most attractive tactics, as
it can quickly and inexpensively create high value
for our clients’ customers.”
About BB&T
Winston-Salem, N.C.-based BB&T Corp. (NYSE: BBT)
and its subsidiaries offer full-service commercial
and retail banking and additional financial services
such as insurance, investments, retail brokerage,
corporate finance, international banking, leasing
and trust. BB&T operates more than 1,400 financial
centers in the Carolinas, Virginia, Maryland, West
Virginia, Kentucky, Tennessee, Georgia, Florida,
Alabama, Indiana and Washington, D.C. With more than
102 billion in assets, BB&T Corp. is the nation’s
ninth largest financial holding company. More information
is available at www.BBandT.com.
About Creative Payment Solutions
Creative Payment Solutions (CPS) is a wholly-owned
payments processing subsidiary of BB&T Corporation.
Established in 2003, CPS has been focused on developing
electronic payments products that allow corporate
clients to take advantage of the efficiencies of
emerging payments in both the ACH and ATM networks.
CPS is committed to providing these utilities in
a manner that allows the financial institution
to maintain its brand and relationship with their
client. For more information, visit www.creativepaymentsolutions.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. |
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