| |
Carreker
Corporation
Press Release
- June 16,
2005
Carreker Partners with Wachovia to Implement Its Adjustments/Express™ Solution Enterprisewide
Operating on a Single Adjustments Platform Allows Fourth Largest U.S. Bank
to Reduce Adjustments-Related Costs By Approximately 30 Percent and Improve Operational Efficiencies
DALLAS, TEXAS (June 16, 2005) — Carreker Corporation (Nasdaq: CANI), a leading provider of technology and consulting solutions for the financial industry, announced today that Wachovia Corporation (NYSE:WB) , the fourth largest U.S. banking holding company, has fully deployed Carreker’s image-enabled Adjustments/Express™ solution
across its enterprise.
Adjustments/Express is a workflow-enabled system that automates the entire back-office adjustments process to improve productivity, reduce costs and speed customer service delivery. Wachovia, which has implemented Adjustments/Express at all four of its adjustments sites, expects to dramatically reduce the costs associated with the adjustments process.
“We needed a reliable adjustment solution that could be deployed across the enterprise and allow us to achieve scalability in an ever-changing marketplace, while still improving customer service and decreasing adjustments-related costs,” said Sandy Grow, senior vice president, Manager of Adjustments, Wachovia. “Not only did Adjustments Express satisfy these requirements, but it offers us all of the benefits associated with operating on a single adjustments platform, including reducing adjustments costs in the range of about 30 percent and improving operational efficiencies.”
John Carreker, president, Global Payments Technology, Carreker said, “Wachovia continues to demonstrate its industry leadership in the payments arena. As most large banks wrestle with the issues associated with managing multiple adjustments systems, Wachovia is realizing the immediate benefits of standardizing on Carreker’s Adjustments Express solution, which include improved response times, faster case resolution, more automated processing, reduced float, and optimized workloads.”
J.D. “Denny” Carreker, chairman and CEO, Carreker said, “Wachovia’s enterprisewide deployment of our Adjustments Express solution is just another example of how we continue to work with our clients to bring value to their organizations with proven products and services that will not only allow them to successfully to compete in today’s tough marketplace, but also help position them for success in the future. Based on our success with Wachovia we are seeing increased demand for this type of enterprisewide solution.”
Adjustments Express delivers a virtually paperless, seamless environment, allowing operators to scan information into the system, retrieve both image and microfilm items and make entries related to all of the main sources of adjustments cases. The system enables quick access to item data and images, reducing the operator’s dependence on manual processes and empowering them to resolve cases more quickly.
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, specifically
those related to future products and customers' benefits therefrom,
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 Company's annual report on Form 10-K
and in the "Management's Discussion and Analysis" section
in subsequent quarterly reports on Form 10Q as well as other
reports and filings with the Securities and Exchange Commission. |
|
