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Carreker and BISYS® Announce Alliance to Offer Payment
Strategy Consulting
Alliance Enables Successful Institutions to Leverage Industry
Shift to Paperless Processing
DALLAS, TX (May 17, 2005) — Carreker Corporation
(Nasdaq: CANI), a leading provider of technology and consulting
solutions for the financial industry, and BISYS (NYSE: BSG),
a leading provider of outsourcing solutions for the financial
services sector, today announced the formation of a strategic
alliance that enables BISYS to act as a re-seller/referral
agent for Carreker’s payment strategy consulting services.
The new alliance allows BISYS to incorporate Carreker’s
consulting expertise into its already comprehensive offering
of check imaging solutions.
"The transition from paper to electronic payments is
a marathon, not a sprint, and most banks are just approaching
the starting line,” said Steve Hill, managing director
of Carreker’s Global Payments Consulting. “Financial
institutions want to both cultivate the opportunities and manage
the challenges that arise during this migration. Our expertise
is in helping financial institutions plan their adoption of
new technologies and effectively leverage their investment
for long-term gains in efficiency, profitability, and customer
service."
With more than 25 years of financial industry experience,
Carreker specializes in measured analysis, planning, and strategic
discipline encompassing an entire enterprise. The company uses
advanced proprietary modeling tools to create a virtual payments
P&L for banks. Impact assessments are conducted and modeled
to discover potential shortfalls relative to desired revenue
and profit levels. Under each modeling scenario, Carreker identifies
which business lines or products are providing growth or eroding
it. The result is a financial baseline from which sound business
decisions can be made.
“As a strong, tenured player in the financial services
industry, Carreker’s resources and experience complement our own,” said
BISYS Document Solutions’ Executive Vice President and
general manager Mark Ryan. “Combining our strengths with
Carreker’s extensive knowledge of payment-related matters
will greatly benefit our clients, enabling them to take advantage
of the industry’s most successful imaging solution and
the analytical planning tools they need to maximize the opportunities
enabled by Check 21 and future industry developments.”
Both BISYS and Carreker offer solutions that are endorsed
by the American Bankers Association (ABA), through its subsidiary
the Corporation for American Banking (CAB). Carreker offers
additional services, including:
- Payment Planning: Creating multiple views for
maximum returns
- Distributed Capture Planning: A new mix of geography,
products, and investments
- Unit Cost Management: Executing a controlled program
- Image Exchange: Planning, partners, and platforms
- Optimized Clearing Scenarios: Managing through
continuous change
- Strategy Execution and Support
J.D. (Denny) Carreker, Carreker chairman and CEO, reported, “We
are pleased BISYS chose Carreker’s Global Payments Consulting
group for this important service. While many companies offer
technology and consultancy services in the financial services
industry, we pride ourselves on being the foremost thought
leaders, experts, and educational providers in the payments
space and related image disciplines. BISYS recognizes our commitment,
and we are excited about the business opportunities our strategic
alliance affords BISYS’ valued client base.”
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 BISYS Document Solutions
BISYS revolutionized item processing with the first check imaging
solution in 1991. Today, BISYS provides financial institutions
with the industry’s most comprehensive imaged payment
solution backed by unrivaled technical expertise and industry
experience. BISYS integrates its core imaging platform with
best-of-breed document imaging, imaged remittance processing,
image exchange, and fraud protection technologies, enabling
financial institutions to translate their technology investment
into measurable improvements in customer satisfaction and
operational efficiency. The American Bankers Association
(ABA), through its Corporation for American Banking (CAB)
subsidiary, exclusively endorses BISYS as the preferred provider
of check imaging solutions for community banks. For more
information, visit www.document.bisys.com.
About BISYS
The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions
that enable investment firms, insurance companies, and banks
to more efficiently serve their customers, grow their businesses,
and respond to evolving regulatory requirements. Its Investment
Services group provides administration and distribution services
for mutual funds, hedge funds, private equity funds, retirement
plans and other investment products. Through its Insurance
Services group, BISYS is the nation’s largest independent
wholesale distributor of life insurance and a leading independent
wholesale distributor of commercial property/casualty insurance,
long-term care, disability, and annuity products. BISYS’ Information
Services group provides industry-leading information processing,
imaging, back-office operations, and imaged payment solutions
to financial institutions and major corporations. Headquartered
in New York, BISYS generates more than $1 billion in annual
revenues worldwide. Additional information is available at
http://www.bisys.com.
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